The Canadian company, mostly known for its smartphones, will present "advanced driver-assist technologies and solutions" at the International Consumer Electronics Show in Las Vegas in January 2016.
BlackBerry already is a major player in the automotive market, where, through its QNX unit, it delivers infotainment systems to millions of cars. Last year, BlackBerry scored a major hit when Ford replaced its Windows Embedded with QNX to power its Sync 3 connected car platform.
Recently, the Waterloo-based company teamed up with Luxoft to work on semi-autonomous driving technologies. Luxoft’s technology, called CVNAR, can be adapted to an automaker’s custom specifications, sold as a ready-to-use solution or offered as a hardware-independent solution for head-up displays, LCDs or AR glasses.
Currently, a lot of carmakers are using semi-autonomous systems in their vehicles, to give them the ability to automatically change lanes or brake, but the fully-autonomous cars is where everyone wants to guide their companies next.
According to Bloomberg, Chen expressed his desire to collaborate with companies such as Google, Apple or Tesla because BlackBerry’s software platform works with Google or Apple’s car strategy.
About this next step his company is going to take, John Chen stated that “our software is currently in 60 million cars running around, so it’s obvious, natural for us to step into the next generation of automobiles.”
It is a well-known fact that the company’s CEO has shifted BlackBerry’s attention to security software because its smartphone branch is not doing so well. This has been easy to notice recently, when BlackBerry reported a narrower third-quarter loss, not because of its software division but because the company sold 100,000 smartphones less than in the previous quarter, and the number is still dropping.
Trian Fund Management LP boosted its stake in DuPont Co. during the third quarter by about 1.2 million shares, according to a quarterly filing Friday.
The position, which has been a significant fight for the activist, is now about 25.8 million shares, or 2.9% of the shares outstanding, up from 2.8% last quarter.
The purchases came as DuPont shares had dropped this summer following a heated proxy fight that saw Trian barely miss getting a seat on the board. In the wake of that May vote, DuPont’s results fell further and last month the company announced Chairman and Chief Executive Ellen Kullman, who had lead the battle to block Trian, was retiring.
Last week, DuPont named Edward Breen her replacement, a move Trian has privately signaled its support for, The Wall Street Journal reported. The activist told the board last month it expected more changes, the Journal reported.
Trian executives have hinted publicly they bought more stock as DuPont shares have fallen, but they hadn’t yet disclosed the number. In the vote, Trian co-founder and Chief Executive Nelson Peltz had been about 50 million votes shy of the closest DuPont director, which amounted to roughly one major shareholder.
DuPont shares had been down 30% since the vote before Ms. Kullman’s retirement was announced in October. They have since rallied and are down 4.5% this year.
Trian disclosed the stake change in its quarterly filing, a requirement for investment managers of over $100 million. The firm also slashed its stakes further in Ingersoll-Rand PLC and Wendys Co., both older investments.