John Paczkowski

Recent Posts by John Paczkowski

Former BlackBerry CEO Sells Out

Jim Balsillie, the former co-CEO of BlackBerry and once one of its largest individual shareholders, is a shareholder no more.

According to a new regulatory filing, Balsillie dumped his stake in BlackBerry late last year, unloading about 26.8 million shares — roughly 5 percent of the company he helped found.

Balsillie hasn’t responded to a request for comment on the sale, and BlackBerry declined to provide one, saying it doesn’t comment on holdings of individual shareholders. But it’s hard not to view the move by Balsillie, once BlackBerry’s biggest evangelist, as a vote of no confidence in the company’s comeback plan, which began in earnest earlier this year with the debut of BlackBerry 10 and the handsets on which it runs. Certainly that’s the way the market has taken it.

In pre-market trading Thursday, RIM’s shares tanked more than 6 percent, tumbling to about $13.

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December 30, 2013 at 6:49 am PT

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December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”