BlackBerry CEO John Chen Says Turnaround Chances are 80-20; SunEdison Announces IPO of Yieldo Subsidiary


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NASDAQ:BBRY / NYSE:SUNE
05/30/2014 [ACCESSWIRE]

BlackBerry Limited (NASDAQ: BBRY) shares closed up about 6% on Thursday with nearly 21.5 million shares traded. The company’s CEO John Chen said that the chances of turning the company around are now 80-20. Chen previously estimated these odds at 50-50."We have a lot of problems, but it's not dead," said Chen, who took over as CEO in November. "I am quite positive that we will be able to save the patient."

BlackBerry Limited provides wireless communications solutions worldwide. The company offers BlackBerry wireless communications platform solution, which includes the sale of BlackBerry handheld devices; and the provision of data communication, and compression and security infrastructure services enabling BlackBerry handheld wireless devices to send and receive wireless messages and data.

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SunEdison, Inc. (NYSE: SUNE) shares closed up 5.29% on about 19.2 million shares traded on Thursday. The company announced the proposed initial public offering of its yieldco subsidary, TerraForm Power.

SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through two segments, Solar Energy and Semiconductor Materials. The Solar Energy segment provides solar energy services that integrate the design, installation, financing, monitoring, operations, and maintenance portions of the downstream solar market.

Get more information on SunEdison, Inc. and free access to the in depth equity report at” www.TrendingWallStreet.com/stockquote/SUNE

 

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