BlackBerry to Keep John Chen As CEO Through 2023
BlackBerry today said it has extended its contract with CEO John S. Chen, who will serve as chief executive through November 2023. BlackBerry brought Chen on board in 2013 and he oversaw the company's transformation from a hardware business to a software and services business. Chen was responsible for deep spending cuts that helped keep the company from going under. It is now focused on selling mobile device management services to business customers. The company also develops device-side software for Android handsets that allows them to offer secure email, messaging, and other core communications. "The BlackBerry Board of Directors has tremendous confidence in John Chen. John engineered a successful turnaround and has the company repositioned to apply its strengths and assets to the Enterprise of Things, an emerging category with massive potential," said board member Prem Watsa. BlackBerry-branded handsets are designed and sold by TCL, which also designs devices under the Alcatel brand.
Apr 29, 2018
T-Mobile and Sprint today announced plans to merge in an all-stock deal that will create a "New T-Mobile" worth $146 billion. The new company's combined radio spectrum assets will allow it to accelerate deployment of 5G technology.
Oct 15, 2018
Palm, a California company that purchased the rights to the Palm brand from TCL, today launched a new device it calls an ultra-mobile product that "syncs with your smartphone to keep you connected but not consumed." The idea is to allow people to access their vital apps when needed, but keep them from staring at their screen all day — particularly when they are out and about.
Jun 14, 2018
AT&T today said it has completed its purchase of Time Warner, a deal originally valued at $85.4 billion when it was announced in October 2016. Earlier this week, a U.S.
Jun 8, 2018
Verizon Communications today said long-serving Lowell McAdam will vacate his position as CEO on August 1. He will remain with the company as Executive Chairman of the Board through the end of the year, and then transition to a Non-executive Chairman role in 2019.