The two companies agreed last year to arbitrate a disagreement regarding whether Qualcomm's agreement to cap certain royalties applied to payments made by BlackBerry under a license agreement.
The smartphone pioneer, which abdicated the top spot in handsets to Apple and Android-based devices, said it had signed a five-year, multimillion-dollar deal to run emergency notifications for the US Senate and expanded a deal with the US Coast Guard to cover staff in Washington, D.C.
"The device business must be profitable, because we don't want to run a business that drags onto the bottom line," Chief Executive John Chen told investors at the company's annual meeting. "We've got to get there this year."
After releasing its first Android-powered Priv smartphone, the Canada-based smartphone manufacturer is determined to bring not one but two new mid-range smartphones that run on Google's platform.
The company's first Android phone was priced too high but there is clearly a future for the company in the phones business, says John Chen, the global CEO of BlackBerry in an exclusive interview with CNBC-TV18's Shereen Bhan.
In the quarter ended November 28, the Waterloo, Ontario-based company reported a loss of USD 89 million, or 17 cents a share. That compared with a year ago loss of USD 148 million, or 28 cents a share.
"The company is doing reasonably well now, from a financial standpoint, so now our focus is to grow our businesses," CEO John Chen told CNBC at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Manila.
BlackBerry CEO John Chen in an interview to The Verge said that his goal is to sell five million smartphones a year, which will be necessary to make the business profitable. Failing to do so, Chen hinted, BlackBerry might take an exit from the smartphone business.
BlackBerry's fiscal first quarter results in June benefited from this strategy of monetizing its intellectual property, with software and licensing revenue rising more than 150 percent to USD 137 million.
The Waterloo, Ontario-based company, whose smartphone market share has dwindled, is attempting to morph into a more software-focused entity.
BlackBerry Ltd is undergoing another round of job cuts as it deals with weak smartphone sales and pushes ahead with a restructuring plan.
Wiese has spent the past 12 years at Cisco Systems, first heading advanced technology sales and later its collaboration-product sales efforts. Those teams focus on aspects such as security and web conferencing, areas that BlackBerry is trying to expand within.
BlackBerry Ltd's move to embrace Android may be aimed at lifting revenue from its software and device management segment, but analysts say it may inadvertently give its device arm a fillip and a new lease on life.
BlackBerry is considering equipping an upcoming smartphone with Google's Android software for the first time, an acknowledgement that its revamped line of devices has failed to win mass appeal, according to four sources familiar with the matter.
The company, which announced a five-year partnership with Foxconn Technology Co Ltd to develop and manufacture a handset for Indonesia and other emerging markets, conceded that its biggest challenge was still in its core handset business.
The pair are part of a growing cadre of familiar talent tapped by John Chen since he joined BlackBerry as CEO last month.
The USD 250 million break fee would come due the day after control changes at Blackberry, according to the filing. If Fairfax and its partners agree to go ahead with the deal even after a change of control, Blackberry would still have to pay the group USD 135 million.
Fairfax Financials, the largest shareholder of smart phone maker, BlackBerry, along with other institutional investors, will inject USD 1 billion into the company through private placement of convertible debentures within the next two weeks.
Where Chen did it before, most famously, was as CEO of Sybase, a maker of computer database software that was losing money and in crisis after having to restate its results as he took the helm in 1998. Sybase then was in a position similar to BlackBerry's now: it posted a 1998 operating loss of USD 98 mn.
After 15 years of leading Sybase, Chen says he wants to take on a new challenge.