my guest today is john chen. runningugh you are blackberry in canada, the bay area is where you call home. you technically live here. i live all around. >> how much time do you spend here versus waterloo? have five or 6000 people. here --ilding a state site here in silicon valley's i spent a week or so here and then the rest of the time i go around the world seeing customers and meeting with analysts and investors and partners and distributors and so forth. usingf the reason you are an office here is because of the talent? so we could get closer to all the happening. you really have to pay attention to what is happening in our industry so you're not as insular. technologyof great but you can't say this is it this is the universe. >> you were born and raised in hong kong? tell me about your up bringing. i came from a relatively poor beginning. because although my parents are quite educated they were refugees from china postwar and kind of where the communists were taking over before the curtain was drawn. tothey e

my guest is blackberry ceo john chen. thank you for joining us. >> thank you for having me. >> even though you're running blackberry in canada, the bay area is where you call home. you technically live here. >> my family lives here. i live all around. it's our headquarters. >> how much time do you spend here? >> i try to spend about one week a month in waterloo. we still have 6,000 people there. we are building a site here in silicon valley. i spend about a week or so every month here. i go around the world, seeing customers, meeting with analysts, investors, partners, and distributors, and so forth. >> part of the reason you are opening the office is -- so that we could get much closer to all that is happening. in silicon valley, there are a lot of great ideas. 90% do not go anywhere. 10% become the googles of the world. you have to pay attention to what is happening in our industry so we are not so insular and focused on our own thing. >> you were born and raised in hong kong? tell me about your upbringing. >> i came fr

my guest today is john chen. even though you are

what is the myth about john chen, and what is the reality?> i think i am a straightforward kind of guy. i like working with people. i like focusing on objectives and results. most people say, why are you doing this? a company is already dead. to me, i am just kind to take one step at a time and do better every day. eventually, we will break through. i am more relaxed than most people think. >> people are telling you blackberry is already dead. why did you take this job? >> that is a great question. i think i flunked retirement. >> [laughter] >> there is a bunch of reasons. i could give you a reason about it being iconic in the industry, and a great company that has technology, with a lot of potential. all of that is true. but that does not automatically answer the question, why am i doing it? i started asking the chairman of the company. i was going to find the management team and formulate a strategy. i thought i was a little too old to run around the world and play cowboy. once i got into it, i i and it is hard to just guide. we really do n

my guest is today on "studio 1.0" is blackberry ceo john chen. thank you for joining us. >> thank you for having me. >> even though you're running blackberry in canada, the bay area is where you call home. >> yes. >> you technically live here. >> i live here. my family lives here. i live all around. it is our headquarters in waterloo, canada. >> how much time do you spend here versus waterloo? >> i try to spend about one week every month in waterloo. we still have 5,000, 6,000 people there in canada, between waterloo and mississauga. and ottawa. we are building a site here in silicon valley. so that is -- i spend about a week or so every month here. the rest of the time i go around the world, seeing customers, meeting with analysts, investors, partners, distributors, and so forth. so that is why i do that. >> part of the reason you are opening the office here is the talent, right? >> part of the reason of opening an office here is so we can get much closer to all that is happening. at silicon valley, there are a lot of great ideas. 90% does not g

why would john chen sign up to be blackberry's new leader?is part of my interview with john chen from my new show, "studio 1.0." people are telling you the blackberry is already dead. why did you take this job? >> that's a great question. there are a bunch of reasons. i could give you a reason about it being iconic in the industry and it's a great company and has a lot of technology and i think there is a lot of potential. all of that is true, but that does not automatically answer the question why am i doing it. i started talking to the chairman of the company. i was going to formulate a strategy. i thought i was too old to run around the world and play cowboys. once i got into it, i find it's hard to just guide without just ing. we don't have a lot of time to find another team or find another person and think about the strategy. we just have to get it done. i decided to become the ceo. >> so you are not crazy. >> i'm not crazy. i think there is a lot of good potential. it's not a done done deal. i think we have made a lot of progress in the

john chen has been more than 30 years working and enterprise technology. he took one software maker from the verge of death to a $1.8 billion powerhouse. he is taking on an impossible job, leading blackberries come back. the teche become industry's fixer? ceo john.s blackberry thank you for joining us. >> thank you for having me. >> even though you're running blackberry in canada, the bay area is where you call home. you technically live here. >> my family lives here. i live all around. it's our headquarters. >> how much time do you spend here? >> i try to spend about a week in waterloo. we still have 6000 people there. we are building a site here in silicon valley. i spent about a week or so every month year. around the world, seeing customers, meeting with panelist -- analysts, investors, partners and distributors, and so forth. >> part of the reason you are opening the office is -- >> it is so we can get much closer to all that is happening. there are a lot of great ideas in silicon valley. 90% do not go anywhere. 10% become the googles of the world cou

my guest today on "studio 1.0" is blackberry ceo john chen. you for joining us. >> thank you for having me.

blackberry ceo john chen has spent more than 30 years working in enterprise technology.sly taking the enterprise software maker sybase from the verge of death to $5.8 billion powerhouse. now he is taking on what some say is an impossible job, leading blackberry's comeback. can he prove them wrong? and just how did he become the tech industry's fixer? my guest is today on "studio 1.0" is blackberry ceo john chen. thank you for joining us.

>> blackberry ceo john chen there.mpton creek, the start up , behind eggless mayonnaise, has just raised $90 million. as it fights a lawsuit against unilever. we asked the ceo what he plans to do with all the cash. coming up next. ♪ >> i am emily chang, and this is the best of "bloomberg west." hampton creek is hoping to change the future of food. the company behind egg-free mayonnaise just raised $90 million from some big-name investors, including marc benioff and eduardo saverin and yahoo! cofounder jerry yang. cory johnson sat down with the ceo josh tetrick to talk about the company's plans. >> it starts the basic premise that 99% of what we eat isn't any good at all. it's not good for our bodies or the planet. >> that leaves a pretty big market. >> we want to bring out products that we have the ability to make better. in the case of mayo, how do we make something that is more affordable and has better health. we like to pick products that connect with people emotionally. cookie dough there is a natural , authentici

john chen. >> c.e.o. of blackberry joining us now post earrings.john, positive cash flow and positive e.p.s. but the question is when will we see revenue growth again? is >> hi, emily. i've been very consistent about it. we have to turn positive cash flow before we get to revenue growth and launch a lot of products and revenue growth will come some time next year. >> we've announced the passport that you've been selling. tell us who is buying these devices? how many of these people are new customers and upgrading and how many are using blackberry as an additional or second device? >> i think you see a lot of people using new devices. i have a software product coming out around a june timeframe. that will i hope convince eople to go to one device, obviously, the blackberry device. we will see more of an uptick or ose who used the 900 older classic product. i think most will resonate with that. on the passport it's mixed. there are some new users. there are some winback the people who have left us and come back and so there's a mixture on the passpor

i asked the ceo, john chen, if he was open to working with t-mobile.eger was at bloomberg offices, saying he wants to reestablish a relationship with blackberry for t-mobile. what do you think? >> i would welcome that. i responded, and if they wanted to get back together, i am sure we could think of some good things to do together. >> i was holding the device, and i thought, the heft of it in the materials in the back. how do you want to get this into his many customers's hands as possible? >> they do have it in canada. before the christmas season in the toronto area, then it will spread out. the u.s. carrier will be a bit later, probably january or february. that depends on their schedule. >> does it break your heart to miss the holiday season? >> i guess this is something we should have done better. but the software is taking a bit longer. we expected this. we are on schedule. unfortunately, it takes time. it will be a good device. people who test it, love it. people say, this is good. they have been waiting for this. >> arabin comments about, john h

john chen has spent more than 30 years working in enterprise technology.e took sybase from the verge of death to a $1.8 billion powerhouse. he is taking on an impossible job, leading blackberry's come back. how did he become the tech industry's fixer? my guest is blackberry ceo john chen. thank you for joining us. >> thank you for having me. >> eveou

and we'll talk with ceo john chen in a moment. and after 50 years the u.s. may finally end the cuban trade embargo. that's big news for cruise lines everywhere. the ceo of carnival joins us. and the justice department expected to make a major announcement on the sony hack any moment. we'll bring you that live as soon as it hans. being a keen observer of the world has gotten you far, but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. >>> blackberry reporting a third quarter operating profit of a penny a share. but revenue came in below consensus on disappointing smart phone sales. john chen joins us now. thanks for joining us. i want to get a perspective here. at the end of october when you and i sat down. you said within the next couple q

ceo john chen explains why he's not true ig to capitalize on her love of blackberry phones.santelli was a special guest on "meet the press" this weekend. check this out. >> when they call that vote that the congress took symbolic, back before social media, everything was symbolic. now they don't take a vote unless it's absolutely assured it's going to pass? >> rick santelli live this time. what are you watching today? >> you know, just to touch on that i think the american people ought to know how their representatives vote on key issue and i think we mask that to some extent. how to unmask and calibrate the improving u.s. economy against europe. why? because there's a big clue to how to trade interest rates and better that relationship all after the break. how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe pr

i am right on time frame. . >> blackberry ceo john chen.ke to him in death in manhattan just a couple hours ago. in to the latest trend venture capital, google venture, the search giant's venture capital arm has launched it annual year-end review. it details its top investments as well as the performance of portfolio companies including luber and nest -- uber and nest. thanks for joining us. i have to start asking about uber. use, a service i love to accompany him not sure i love. how do you deal with that? butle i know need uber, they think it is the most evil company in san francisco. >> this is a company that is probably the fastest growing company i have ever seen. 50,000 jobs a month. we are really confident about the coming from future. it has the potential to be one of the most transformative companies we've ever seen. >> shore and an absolute home run for google ventures. how was 2014? how are you doing there? >> it was extremely busy. we had 17 exits from the portfolio this morning. we had quadrupled our investment in life sciences

coming up, john chen talks to me about the company's earnings.blackberry really on the comeback trail? that is next. ♪ >> welcome back to the best of "bloomberg west." i am emily chang. blackberry is it hit right keys with investors. they had disappointing revenue as cash turned positive earlier than expected. i spoke with ceo john chen. >> we are going to turn out positive cash flow before we get to revenue growth. we are going to launch a lot of products. it will come sometime next year. >> new phones are showing progress. you have the passport. tell us about who is buying these devices. how many of these are new blackberry customers? how many are upgrading from old blackberries? >> i think you see a lot of people using two devices. i have a new product year, around june. it will make -- i want to convince people to go to one device. in the case of the cloud space, more uptick from the in-store basin people who have used the 9900 product. the older blackberry product. i think those people will be resonating with that. the passport is mixed. the

john chen has worked and enterprise technology for 30 years rising to the rank to become the ceo.is charged with leading blackberry and saving it from possible extinction. his path has been anything but easy and it all began in a tiny apartment in hong kong. on the latest edition of studio 1.0 i asked him about his upbringing. >> i actually came from a relatively poor beginning. my parents, although my father is quite educated, they were ,efugees from china postwar kind of where the communists were taking over before the curtain got drawn. they escaped from shanghai to hong kong. >> can you lived in a one-bedroom apartment? >> yeah, for a long time. we did not even have a dining table. they put two suitcases on top of each other and put a cloth over it. that was our dining table. >> what kind of kid were you? what to do want to be when you grew up? >> i never thought about what i wanted to be. everybody at the time, because of the war and because of what happened historically to china, everybody wanted their kids to be scientists. that is the hong kong way. everybody should become

tonight, i took with the john chen, technologies go to fix her.is famously known for sky base.g now he is taking on blackberry. why did he take on the challenge? i asked him. people are telling you that blackberry is already dead. >> yes. chrysler did you take this job? -- >> why did you take this job? >> that is a great question. in this reason about being iconic in the industry and it's a great company and has a lot of technology therefore i think there is a lot of potential. all of that is true. but that does not automatically answer the question why am i doing it. i started as the chairman of the company. the team ando find formulate a strategy. i thought i was too old and -- too old to travel around the world anti-cowboy then. i found that it is hard to just guide without just a doing. and we don't have a lot of time to find a team and think about the strategy. we just kind of have to get it done. indifferent, i decided to become the ceo. >> so you are not crazy. >> i think there is a lot of good potential. it is not a done done deal. but i t

earlier today, i spoke to blackberry ceo john chen and started by asking when we will see revenue growthgain. >> i have been very consistent about it. we are going to turn out positive cash flow and positive profits before we get to revenue growth. we will keep launching products, and revenue growth will come sometime next year. >> tell us a little bit more about who is buying these devices. how many of these people are new blackberry customers aqua how many are upgrading from old blackberrys, and how many are using it as an additional or second device? >> i think you see a lot of people using two devices. i have a new software product, by the way, coming out next year, probably around the june timeframe. i'm hoping to convince people to one device -- obviously, the blackberry device. you see, in the case of classic, probably more uptick from the in-store base and the people who have used the 9900, the very successful older blackberry product. i think it will resonate with them. i have seen that already. on the passport, there's a real mix. there are some really new users coming from oth

know until we execute, but there is a path i can see to execute. >> blackberry ceo john chen.ial media sites struggle to keep up with what is hidden in high school. a new study shows facebook is losing favor with teens and twitter is gaining ground. that's next on "bloomberg west." you can watch is on your phone, your tablet, apple tv and amazon fire tv. ♪ i'm emily chang. this is "bloomberg west." is facebook losing its cool? portion of 13 to 17-year-olds on facebook dropped to 88% this year from 94% in 2013 while twitter and messaging apps scored more young users. twitter young users have grown from 39% of those surveyed in 2012 to 48% this year. facebook messenger is this -- is still the top messaging app, but more competition. 80% of snapchat users are under 37 years old. only 55% of facebook messengers are that young. showed thatlso teenagers do not see facebook as safe and trustworthy in comparison to other social media. instagram is however apparently hotter than ever. facebook bought in 2012, is now valued at $35 billion according to a citigroup analyst, double its pre

very interesting play by ceo john chen. him earlier what did he learn in the entire year long process. this is what he said. >> the customers are willing to try new things. they really talk to you. if you do the things they want, that the interfaces we talk about, the security, the power and so forth, then they will give you a chance. so i learned a lot. great to speak to all these people. >> here is the comparison you to know though. this blackberry is only anticipated by morgan stanley to sell about eight million blackberries total in the next fiscal year. liz: do you believe that? >> it's a tough number. they did it already in the last fiscal year. they probably can hit about the same number, eight million. but here is the perspective, guys. apple in the previous quarter, they sold 39 million iphones. liz: samsung is huge as well. >> huge. liz: htc. >> shaw me is on the way up. >> a lot of people bought into samsung are switching back to something they used to use but there may be a market for blackberry. >> absolutely.

chen inberry's ceo john manhattan.aking a venture capital, google venture has released its year in review. this gives details on the firm's top investments. joining me now is google venture's president. bill, thanks for joining us. love to use,vice i but as a company, i'm not sure how i love it. need uber,ple i know but they think it is an evil company. >> anytime you have a company that is going as quickly as uber, this is probably the fastest growing company i have seen. anytime you see that, you will face scrutiny. i am optimistic about their future. most one of the transformative companies we have seen. >> a home run for google venture. how was 2014? how are you doing? >> extremely busy. we had 17 exits from the portfolio this morning, and a company that went public this morning. we quadrupled our investment from 9% to 36% of our dollars invested, and we announced a $125 million fund for europe and israel. it has been a busy year. >> congratulations. is one third of what you guys invest in. is that the biggest grow

. >>> plus, the new ceo of blackberry, john chen joins us in the studio. down with actor bradley cooper on his new broadway play. that's the "cbs morning news" for this wednesday. i'm lauren lyster. have a great day. -- captions by vitac -- www.vitac.com >>> we begin with breaking news police are searching for two suspects in the bizarre burglary in a northeast philadelphia target store. mobile three giving us this live look from the store in somerton, the men are accused of entering the store on the 11,000 block of roosevelt boulevard through a hole in the rearf the store. police say a closed circuit security system alerted them of the breach. the right now those suspects are not in custody but authorities have have the building surrounded. we will have much more in a live report at 5:00 o'clock. >>> more breaking news in west philadelphia, the the fire marshall is calling an overnight fire at this home in the 5400 block of west girard avenue suspicious. officials believe that the fire started on the front porch and then spread to the first floor. the fir

john chen has been more than 30 years working and enterprise technology.ok one software maker from the verge of death to a $1.8 billion powerhouse. he is taking on an impossible job, leading blackberries come back. how did he become the tech industry's fixer? my guest is blackberry ceo john. thank you for joining us.

and john chen blackberry's ceo first broadcast interview of earnings.5 so was the 100% electric e-golf, and the 45 highway mpg tdi clean diesel. and last but not least, the high performance gti. looks like we're gonna need a bigger podium. the volkswagen golf family. motor trend's 2015 "cars" of the year. for that moment, where right place meets right time. and when i find it- i go for it. (announcer) at scottrade, we share your passion for trading. that's why we give you the edge, with innovative charting and trading features, plus powerful mobile apps so you're always connected, wherever you are. because at scottrade, our passion is to power yours. having a perfectly nice day, when out of nowhere a pick-up truck slams into your brand new car. one second it wasn't there and the next second... boom! you've had your first accident. now you have to make your first claim. so you talk to your insurance company and... boom! you're blindsided for a second time. they won't give you enough money to replace your brand new car. don't those people know you're alre

. >>> plus, the new ceo of blackberry john chen joins us in studio. down with actor bradley cooper on his new broadway play. that's the "cbs morning news" for this wednesday. i'm lauren lyster. have a great day. -- captions by vitac -- www.vitac.com good morning. it's >>> your realtime captioner is linda marie macdonald. december 1 >>> you're taking a live look right now at the golden gate bridge. you can see cars moving along kind of wet roads out there. but it looks like the rain has let up. >> yeah. what a shocker. >> good morning, everyone. it is wednesday, december 17. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. happy wednesday. it is 4:30. we get you out the door with a little traffic with gianna and roberta, more rain? come on. >> we have some scattered showers in the forecast today. we all can breathe a little sigh of relief. but there is dense fog inland. if we zoom in, we are just getting a hit-and-miss scattered shower. and that one cell offshore is about it. that's the area of low pressure that will be coming in next and we'