In investor day presentation slides, BlackBerry says Cylance “required high levels of investment to close product gaps and remain competitive” and while “significant progress” has been made to date, the “market remains highly competitive.” In a slide about “shifting our portfolio and prudently allocating capital,” BlackBerry said it is “taking immediate steps to streamline investment in Cylance and increase capital allocation for growth in Secure Comms and IoT,” while adding that in parallel it is exploring options for the Cylance business.
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