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NewsPoster Feb 14, 2013 01:20 PM
Former RIM Co-CEO Jim Balsillie sells all BlackBerry shares
The former co-CEO of BlackBerry has sold his entire stake in the company, according to a Securities and Exchange Commission <a href="" rel='nofollow'>filing</a>. Jim Balsillie, who shared the title of chief executive officer with Mike Lazaridis until <a href="" rel='nofollow'>January 2012</a>, previously held 5.1-percent of the firm, and placed him as the third-largest shareholder in what was formerly called Research In Motion. <br />
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Balsillie resigned from the company's board in March 2012, just two months after leaving the CEO position. His 26.8 million shares in the company are listed at 0 as of the end of December 2012, according to <a href="" rel='nofollow'>the</a> <em>Financial Post</em>, suggesting he sold his stake at some point towards the end of the year. Though this could lead to speculation that Balsillie had little confidence in BlackBerry's <a href="" rel='nofollow'>future</a>, shares that were initially 6.9-percent down in pre-market trading rose by 2-percent before midday in New York.

Lazaridis continues to be the largest individual shareholder of BlackBerry, owning 5.67-percent, while Fairfax Financial Holdings is the largest shareholding entity at 9.89-percent. Current BlackBerry CEO Thorsten Heins currently owns 0.02-percent of the company.
iphonerulez Feb 14, 2013 02:54 PM
He obviously has enough money to retire for good, but everyone says that BlackBerry will have a huge resurgence and this guy is selling off all his shares. That's so surprising unless he wants to start his own company or something.
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