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  • All Share : 40998.58
    UNCHANGED0.00%
    Top 40 : 3361.59
    UNCHANGED0.00%
    Financial 15 : 11703.85
    UNCHANGED0.00%
    Industrial 25 : 46637.62
    UNCHANGED0.00%

  • ZAR/USD : 9.5763
    UP 0.07%
    ZAR/GBP : 14.4987
    UP 0.23%
    ZAR/EUR : 12.3835
    UP 0.04%
    ZAR/JPY : 0.0945
    DOWN -0.06%
    ZAR/AUD : 9.2646
    UP 0.22%

  • Gold : 1386.6000
    UP 0.03%
    Platinum : 1452.5000
    UP 0.31%
    Silver : 22.4000
    UP 0.16%
    Palladium : 727.0000
    UP 0.55%
    Brent Crude Oil : 102.640
    UNCHANGED0.00%

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Sat May 25 14:48:26 SAST 2013

Incestuous drunks are back

BlackBerry shares tumble

Reuters | 15 February, 2013 02:25
File picture of former RIM CEO Balsillie
Research In Motion Co-Chief Executive Officer Jim Balsillie.
Image by: File picture / REUTERS

Shares of BlackBerry slipped yesterday after its former co-CEO, Jim Balsillie, disclosed that he had sold his once-sizable stake in the embattled smartphone maker.

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In a regulatory filling yesterday, Balsillie said that by the end of last year he had sold his entire stake in the company. Balsillie, who resigned a year ago, owned about 26.8million shares, or a 5% stake in the company, as of December 31 2011. BlackBerry shares were down 3.4% at $13.52 in early trading.

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