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BlackBerry (BBRY) -6.1% after former chairman/co-CEO Jim Balsillie discloses he has completely...

BlackBerry (BBRY) -6.1% after former chairman/co-CEO Jim Balsillie discloses he has completely liquidated his stake in the company. The stake was valued at $385M last March, when Balsillie resigned from BlackBerry's board after having already been removed from his other positions. Strategy disagreements reportedly played a role in his departure. Shares are now down 23% on the week. (13G) (yesterday)
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Comments (7)
  • losbronces
    , contributor
    Comments (706) | Send Message
     
    Maybe thats not a bad thing. Jim Balsillie wasn't exactly providing the leadership that BBRY needed over the last three years.

     

    Now he can focus on buying his NHL team (he has enough cash to do it on his own). But wait, the NHL doesn't want him as an owner. When you consider the history of NHL team owners that were approved (Jameson being the most recent example), I think that speaks volumes.
    14 Feb 2013, 09:23 AM Reply Like
  • WATERLOO JOE
    , contributor
    Comments (396) | Send Message
     
    This is old news and Balsillie more than likely needed to settle marital problems due to the new women in his life. This was last year
    This is old News since all of this happened we now have a new CEO T.Heins taking the company to new heights It is time for the media to get there head into the now and the future as the past is history. Which one can not change ,however the future can be and that is what Mr.T Heins will do for shareholders.
    14 Feb 2013, 09:28 AM Reply Like
  • Lumaca
    , contributor
    Comments (38) | Send Message
     
    I think it's a good news. Since monday BB receive a "bad" news by day....only fuel for the shorter!
    14 Feb 2013, 11:59 AM Reply Like
  • canuck671
    , contributor
    Comments (36) | Send Message
     
    The last cash grab for, not bad for a former billionaire.
    14 Feb 2013, 11:59 AM Reply Like
  • atmm
    , contributor
    Comments (2) | Send Message
     
    RIM is history.
    BB is new baby.New baby needs new caretaker.
    It's good, old caretaker Jim has decided to think fresh.Good luck.
    New baby, BB will shine again.It's matter of time.
    Right now, every thing going on too fast.Mess is getting cleaned !!
    New device new hope with new players slowly.
    I wish BB good luck.For BB market in Asia is brighter.
    Market is hungry for BB in Asia,BB has to move faster wisely!!!
    14 Feb 2013, 12:06 PM Reply Like
  • chattyintrovert
    , contributor
    Comments (125) | Send Message
     
    Dude has lost a ton of money... his loss.
    14 Feb 2013, 12:14 PM Reply Like
  • torrez600
    , contributor
    Comment (1) | Send Message
     
    you know your company is going down the plunger when the co-ceo peaces out
    14 Feb 2013, 08:35 PM Reply Like
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