BlackBerry Co-Founder Cuts Stake to Under Five Percent

TORONTO — BlackBerry Ltd. co-founder Michael Lazaridis disclosed in a regulatory filing Tuesday he cut his combined stake with another company co-founder in the smartphone maker to just under five percent, and indicated he doesn’t plan to pursue a joint bid to acquire the company outright.

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Closed minded thinking at the top crippled the company. When the Iphone came out RIM banned employees from bringing up the Iphone on all conference calls. If you want the inside scoop on how RIM fell, email me.