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BlackBerry founder abandons ship

drdread66 (1063396) writes | about a year and a half ago

Blackberry 0

drdread66 (1063396) writes "Research In Motion co-founder Jim Balsillie confirms what Slashdotters have suspected for quite some time: RIM (now BlackBerry) is doomed. Reuters reports today that 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."
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