• All Share : 49911.37
    DOWN -1.28%
    Top 40 : 3596.50
    DOWN -3.94%
    Financial 15 : 15630.81
    DOWN -0.27%
    Industrial 25 : 61705.86
    DOWN -0.46%

  • ZAR/USD : 11.0418
    UP 0.63%
    ZAR/GBP : 17.2811
    UP 0.29%
    ZAR/EUR : 13.7701
    UP 0.73%
    ZAR/JPY : 0.0931
    UP 0.08%
    ZAR/AUD : 9.3945
    UP 0.43%

  • Gold : 1183.3500
    DOWN -0.49%
    Platinum : 1210.7000
    DOWN -0.11%
    Silver : 15.8200
    DOWN -2.53%
    Palladium : 811.5000
    UP 1.31%
    Brent Crude Oil : 72.850
    UP 0.75%

  • All data is delayed by 15 min. Data supplied by I-Net Bridge
    Hover cursor over this ticker to pause.

Fri Nov 28 17:44:15 SAST 2014

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.

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.

SHARE YOUR OPINION

If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.