Blackberry shares soared after the company beat analysts earnings forecasts. John Chen, CEO of Blackberry, joined us to break down the results.
Blackberry's results were boosted by an increase in business software sales and licensing revenue. Chen says Blackberry has 2 major focuses. The first is the enterprise software business and the other is the auto sector. Blackberry has been in the auto business for 8-10 years, but made a bigger push about 4 years ago, he points out.
Chen says there are 60 million cars on the roads using blackberry software. Looking forward, the company is working on designing new components such as lane-changing and communication capabilities with other cars and infrastructure. He sees a huge opportunity in the space, emphasizing that about 100 million cars are made every year.
The software giant said Monday that it is paying $7.5 billion for ZeniMax Media, the parent company of video game publisher Bethesda Softworks.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Video game engine, Unity, makes its debut on the NYSE. Kimberly Jabal, CFO, joined Cheddar to discuss the decision behind taking the company public.
The U.S. Commerce Department says it is prohibiting Chinese-owned TikTok and WeChat from app stores as of Sunday, citing national security and data privacy concerns.
U.S. stocks are closing lower Thursday as Wall Street continues to swirl after the Federal Reserve said it will keep interest rates at nearly zero for years to help nurse the wheezing economy.
Sumo Logic's Ramin Sayar, president and CEO, joined Cheddar to discuss the decision to take the company public and its success as more businesses turn to the cloud.
As Ford gears up for production of its 2021 F-150, more jobs are being added to meet demand for the electric version of the truck. Kumar Galhotra, president of the Americas & international markets group, joined Cheddar to discuss.
Facebook announced it is teaming up with Ray-Ban maker EssilorLuxottica to launch its first pair of smart glasses in 2021.
Unqork, has become a virtual bridge between people and government services as COVID-19 forces agencies to reduce normal operations. Cas Holloway, Unqork's head of enterprise, joined Cheddar to discuss the convenience of the service provides, particularly when it comes to marriage licenses.
The latest news and headlines from Apple's latest product reveal including the latest on the Apple Watch, IPads, and more.
