Balsillie’s 26.8 million shares of common stock amounted to a 5.1 percent stake in the company. At one point — literally in the days right after the first iPhone launched — that much stock was worth around $6 billion. But, oh, how the mighty have fallen.
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Samsung celebrating 300 million phones shipped in 2011
In what will likely be the first of many major power struggles at BlackBerry maker Research in Motion over the next year, the company is reportedly considering ousting co-CEOs Mike Lazaridis and Jim Balsillie as co-chairmen of the board.
Editor's Pick Once again, Research in Motion’s attitude towards its dismal quarterly earnings sound inexplicably positive.
[youtube=http://www.youtube.com/watch?v=zQ1esvGae_s&w=560&h=315] BlackBerry users can breathe a sigh of relief. Research in Motion announced today that global BlackBerry services are “operating well” following a massive outage that began Monday and disrupted web, email, and messaging capabilities for tens of millions of customers.
BlackBerry maker Research in Motion announced this morning that it is laying off 2,000 employees as part of an earlier announced “cost optimization” program.
In a passionate open letter this morning, a high-level Research in Motion executive offered up some suggestions on how co-CEOs Jim Balsillie and Mike Lazaridis could reshape the company and avoid certain doom. But instead of assuring the executive that things will get better (or even responding to his actual points), all RIM had to offer up in response was a hilariously defensive blog post.