“Jim Balsillie, the man who grew Research In Motion Ltd. from a small Waterloo startup into Canada’s most famous technology company, has reportedly sold off his ownership stake in the BlackBerry maker nearly a year after stepping down from its board of directors,” Matt Hartley and Barbara Shecter report for The Financial Post.
“The former co-chief executive of RIM reported holdings of 0 shares in the company, now known as BlackBerry, according to a filing with the United States Securities and Exchange Commission,” Hartley and Shecter report. “Previously, Mr. Balsillie — who stepped down as co-CEO with RIM founder Mike Lazaridis last January — had been the third largest shareholder in the company.”
Hartley and Shecter report, “Mr. Balsillie’s sell off could be interpreted as a sign that RIM’s longtime leader has lost confidence in BlackBerry’s hopes for a turnaround, a move that could be a cause for concern among investors.”
Read more in the full article here.
MacDailyNews Take: That’s some PlayBook you got there, Jim.
RIM is a dead company walking. – MacDailyNews Take, August 23, 2010
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