BlackBerry creates new unit for potential high-growth assets

[Wireless News]

http://l2.yimg.com/bt/api/res/1.2/ArPnV66hkgbRWXGvhk_OZw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-08-18T162757Z_1006990001_LYNXMPEA7H0PU_RTROPTP_2_CTEC H-US-BLACKBERRY-TECH.JPG (http://news.yahoo.com/blackberry-creates-unit-potential-high-growth-assets-162757637--finance.html)By Alastair Sharp TORONTO (Reuters) - BlackBerry Ltd said on Monday it has created a new unit to house what many consider to be among its most promising assets - cryptographic applications, its QNX embedded software and Project Ion platform for connecting devices. The Canadian smartphone maker, which CEO John Chen is trying to revamp, said Sandeep Chennakeshu will start immediately as president of the BlackBerry Technology Solutions unit. The division will also include a portfolio of 44,000 patents and the Paratek antenna tech company purchased by BlackBerry in 2012. "These are the call options for upside value that the market may not be factoring because it just looks too far away," said BGC analyst Colin Gillis.



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