That may be a tremendous heart breaking news for Blackberry Lovers. The device that was so addictive that it was dubbed the "CrackBerry" might not have much of a future: Its new chairman and interim chief executive says he wants to emphasize software and services - not devices. That could mean the company might ultimately get out of the business of selling smartphones.
The possible change in strategy comes as Fairfax Financial, BlackBerry's largest shareholder with a 10% stake, said Monday it won't buy the struggling smartphone company and take it private. It said that instead Fairfax and other investors will inject $1 billion as part of a revised investment proposal.
CEO Thorsten Heins is stepping down and John Chen was appointed chairman of BlackBerry's board of directors and interim CEO. Chen, the former CEO of software data company Sybase, said that BlackBerry employees need to start thinking differently about the company and accept that "we're really not in phones but we're in phones for software, for services.''
The possible change in strategy comes as Fairfax Financial, BlackBerry's largest shareholder with a 10% stake, said Monday it won't buy the struggling smartphone company and take it private. It said that instead Fairfax and other investors will inject $1 billion as part of a revised investment proposal.
CEO Thorsten Heins is stepping down and John Chen was appointed chairman of BlackBerry's board of directors and interim CEO. Chen, the former CEO of software data company Sybase, said that BlackBerry employees need to start thinking differently about the company and accept that "we're really not in phones but we're in phones for software, for services.''
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