BRIEF-BlackBerry says if hardware not profitable by Sept could cut loose

Fri Apr 1, 2016 12:31pm EDT
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April 1 (Reuters) - BlackBerry CEO tells CNBC that if he can't get hardware unit to profitability by September will have to seriously consider becoming a software-only company.

BlackBerry CEO says delays in contract negotiations, including With U.S. Carrier Verizon, slowed handset distribution

* BlackBerry CEO john chen says has multiple growth engines in software

* BlackBerry CEO says one area of shortfall was in hardware revenue which declined from last quarter

* BlackBerry CEO says hardware volume shortfall was due to delay in contract talks with some carriers on priv

* BlackBerry CEO says co had numerous software contract wins in the latest quarter

* BlackBerry CEO says company did not generate any intellectual property licensing revenue in the quarter

* BlackBerry says its model reflects a gross margin in the mid to high 40s for the next quarter   Continued...