Quick Note: Former BlackBerry CEO Sells Entire Stake in the Company
February 14, 2013 11:04 AM
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As of December 31, 2011, he had a 5 percent stake in the company at about 26.8 million shares
One of BlackBerry's
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.
This article is over a month old, voting and posting comments is disabled
Selling his blackberry stock was a mistake
2/16/2013 5:33:08 PM
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.
"We are going to continue to work with them to make sure they understand the reality of the Internet. A lot of these people don't have Ph.Ds, and they don't have a degree in computer science." -- RIM co-CEO Michael Lazaridis
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