BlackBerry's interim CEO has 'no plans' to shut down mobile business

BlackBerry interim CEO, John Chen, replacing the outgoing chief Thorsten Heins, has reportedly declared that he wants to rebuild the company and not shut down its mobile business.

The sinking smartphone manufacturer has failed to strike an acquisition deal with Fairfax Financial led by former member of the board, Prem Watsa due to funding issues.

Chen said that the foundering smartphone pioneer has enough ingredients to build a long-term sustainable business adding that he is going to rebuild the company, AllThingsD reports.

The interim CEO claims to have dealt with such a crisis before, with Sybase, which was almost at a closure when Chen joined the company as CEO in 1998 and some 13 years later, he had sold it to SAP for 5.8 billion dollars, more than 15 times the company's market cap when he took up the reins.

However, analysts believe that the company's one billion dollar write down on handset business, which Chen proposes to keep is essentially worthless, the report added.