BlackBerry Ltd Will Keep Producing Smartphones At A Loss

BlackBerry intends to keep making smartphones, and incoming CEO John Chen thinks it will take him six quarters to turn the company around, report Euan Rocha and Jim Finkle for Reuters. Now that Prem Watsa’s buyout plans have officially fallen through, it seems the company has decided to return to Plan A – go down fighting. “I know we have enough ingredients to build a long-term sustainable business,” Chen told Reuters. “I have done this before and seen the same movie before.” Watsa’s new plan is to raise $1 billion Chen was named executive chairman and interim CEO on Monday…