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BlackBerry: Call It a Comeback (Maybe)



BlackBerry surprised Wall Street on Friday by beating the already admittedly low-end estimates for its fourth quarter. BlackBerry’s numbers were dismal — but not that dismal. In fact, the company’s stock has risen about 24% over the last three months, as some investors have been sold on a comeback story.

So does BlackBerry have a shot?

The company’s CEO, John Chen, has given BlackBerry a 50% chance of coming back. Some investors apparently think those are good odds, especially with Chen at the helm. After all, when he led Sybase in 1997, research firm Gartner predicted a 70% chance of that company’s death at the time. Read more…

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