DailyTech - Quick Note: Former BlackBerry CEO Sells Entire Stake in the Company

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Gadgets Quick Note: Former BlackBerry CEO Sells Entire Stake in the Company
Tiffany Kaiser - February 14, 2013 11:04 AM

5 comment(s) - last by Silver2k7.. on Feb 19 at 1:37 AM

Jim Balsillie (Source: n4bb.com)

As of December 31, 2011, he had a 5 percent stake in the company at about 26.8 million shares

One of BlackBerry's (TSE:BB; TSE:RIM) former co-chief executive officers has sold his entire stake in the company.

BlackBerry's ex-CEO Jim Balsillie revealed in Thursday's regulatory filing that he had sold his entire stake in the company before the end of 2012. As of December 31, 2011, he had a 5 percent stake in the company at about 26.8 million shares.

BlackBerry, which recently changed its name from Research in Motion (RIM), released its BlackBerry 10 (BB10) software and devices late last month in hopes of digging itself out of the hole it's in.

Earlier this week, the company's new BB10 Creative Director Alicia Keys was caught using an iPhone to post on Twitter after vowing to only use BB10 devices.

Source: Reuters

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Like rats...

By StormyKnight on 2/15/2013 9:49:13 AM , Rating: 2

...departing from a sinking ship.

RE: Like rats...

By Silver2k7 on 2/19/2013 1:37:35 AM , Rating: 2

Is blackberry shares worth much at all ?

I don't know of a single person who has one here in Sweden.

Parent

The implication is bit underhanded...

By Moishe on 2/15/2013 11:48:37 AM , Rating: 2

The implied message is that Blackberry is screwed and even ex-CEOs are bailing out.

Since we don't know what the circumstances of the sale of stock are... this is purely an Blackberry bash (in news form) intended to make Blackberry look bad and attract comments and traffic.

I don't care if Blackberry wins or not... but more information would be highly useful to the story. As usual, though, this is just a scan-and-fetch filler story.

Selling his blackberry stock was a mistake

By Phoque on 2/16/2013 5:33:08 PM , Rating: 2

I have personally invested my money into Blackberry when it was dealing under 10$.

Of course I could be wrong, but my feeling is that he should have kept his stock longer. I wouldn't be surprised if the stock climbed over 50$ within the next 18 months.

I believe the OS has succeeded at distinguishing itself from the competition, and in an efficient and clever manner. All is left to see is if the consumer agrees to the offer.