On January 24th, Newly appointed CEO Thorsten Heins of BlackBerry told us to expect "no seismic changes". But We Did Hope For A Turnaround, Not A Death Spiral. Nor did we anticipate a to masquerade as a cost cutting COO. Of a new CEO, we of course, expected new leadership. Instead we got a person who raised a lot of cash to attract a potential buyer. Who as it turns out is a former board member with access to insider information who resigned last month (August 2013).
Kotlin Multiplatform & Compose Multiplatform - Starter kit for pragmatics
BlackBerry: A CEO Who Never Showed Up
1. Expect
no
“seismic
changes”
Newly
appointed
CEO
Thorsten
Heins
January
24th,
2012
2. -‐200%
-‐150%
-‐100%
-‐50%
0%
50%
2009
2010
2011
2012
2013
2014
BlackBerry
Net
Income
Growth
0
1,000
2,000
3,000
4,000
5,000
6,000
F1Q12
F2Q12
F3Q12
F4Q12
F1Q13
F2Q13
F3Q13
F4Q13
F1Q14
BlackBerry
Revenue
(M)
Heins
-‐
CEO
But
We
Did
Hope
For
A
Turnaround,
Not
A
Death
Spiral
3. 1Q14
+25%
And
Expected
a
CEO
To
Lead,
Not
Masquerade
As
A
Cost
CuTng
COO
42%
22%
5%
-‐33%
FYE10
FYE11
FYE12
FYE13
2014
BlackBerry
COGS
Growth
CEO
-‐
Heins
4. 0
0.5
1
1.5
2
2.5
3
FYE09
FYE10
FYE11
FYE12
FYE13
FYE14
Blackberry
Cash
&
Short
Term
Investments
CEO
-‐
Heins
…Who
Raised
Cash
For
A
PotenZal
Buyer
…Who
Turned
Out
To
Be
Board
Member
Who
Resigned
In
August
2013