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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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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.




"What would I do? I'd shut it down and give the money back to the shareholders." -- Michael Dell, after being asked what to do with Apple Computer in 1997














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