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RIM Co-Founder Drops His Stock

Posted by timothy on from the writing-is-in-spraypaint dept.

drdread66 writes "Reuters reports today that Research In Motion co-founder Jim Balsillie dumped his entire stake in BlackBerry at the end of 2012. While it's common to see high-level executives sell some of their shares to gain some liquidity, it's unusual to see them exit their positions completely. This has to be seen as a massive vote of 'no confidence' from someone who was on the inside long enough to know what's going on in the company."

2 of 114 comments (clear)

  1. Re:That about sums it up.... by Anonymous Coward · · Score: 0, Flamebait

    Who the hell would be dumb enough to buy out RIM right now, but rich enough to do this?

    Like, did the guy who ran AIG into the iceberg get a new job or something?

  2. Remember Jobs did the same by BLToday · · Score: 1, Flamebait

    Remember Jobs did the same when he left Apple and started NeXT. Maybe he has a new startup doing Blackberry like products better than Blackberry.