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BlackBerry shares down after another top exec leaves

Updated: Mon, Oct 16, 2017
05:22 pm
Reuters
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BlackBerry`s U.S.-listed shares fell almost 4 percent to $11.12 on Monday after a second senior executive from its licensing unit quit this month.

Victor Schubert, a licensing director for BlackBerry, said on Friday he had left, following on the heels of Mark Kokes, who lead BlackBerry`s overall patent strategy. Kokes joined a health technology company last month.

Monetizing the company`s intellectual property is a key part of BlackBerry Chief Executive John Chen`s plan for turning around the company, which lost out to Apple and others in the smartphone industry. BlackBerry`s revenues have declined for six straight years as sales of its once-popular smartphones tumbled.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)