| Thread Tools |
18th February 2013, 07:24 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,500
| RIM cofounder Jim Balsillie dumps 26.8 million shares Former RIM CEO and cofounder Jim Balsillie has decided to cash in his chips, selling his entire stake in the company at 26.8 million shares. This gives us an idea of how much he believes in BlackBerry 10. BlackBerry is currently trading at $13.5, so it would seem Balsillie made millions by dumping the shares. However, back in 2007 RIM briefly hit $220, but then came the iPhone, then Android, and it's been downhill ever since. Still, even $13.5 is not too bad, as the stock was trading in single digits for much of 2012. The stock rallied toward the end of the year, but it did not pop after the BB10 launch. To the contrary, it is down. In other words, Balsillie is not the only one who ran out of faith. Although reviewers and analysts welcomed BlackBerry's new OS and handsets as a major update, they also argued that it is simply too little, too late. Balsillie no longer has a stake in the company, but least BlackBerry now has Alicia Keys, although she is still tweeting from her iPhone. http://news.techeye.net/business/rim...million-shares |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
1 million Surface RT sold in three months, while iPads did 3 million in three days | Stefan Mileschin | WebNews | 0 | 16th January 2013 08:51 |
Lexmark dumps inkjets | Stefan Mileschin | WebNews | 0 | 30th August 2012 06:33 |
Early Facebook Investor Cashes Out Shares for $400 Million | Stefan Mileschin | WebNews | 0 | 22nd August 2012 08:16 |
Peter Thiel dumps 20.1 million Facebook shares | Stefan Mileschin | WebNews | 0 | 21st August 2012 07:30 |
Apple: 26 million copies of Lion OS sold, 66 million Mac users | Stefan Mileschin | WebNews | 0 | 12th June 2012 06:48 |
Pan Macmillan publisher, Tor UK, dumps DRM | Stefan Mileschin | WebNews | 0 | 30th April 2012 07:28 |
15 years in 3D: NVIDIA cofounder Chris Malachowsky speaks | jmke | WebNews | 4 | 4th September 2008 09:50 |
Dell dumps AMD from web site | jmke | WebNews | 4 | 14th February 2008 22:14 |
LG dumps hybrid Blu-ray/HD-DVD plans | jmke | WebNews | 0 | 1st August 2006 11:27 |
Infineon dumps Memory Biz | jmke | WebNews | 0 | 19th February 2006 17:42 |
Thread Tools | |
| |