BlackBerry former co-CEO Balsillie discloses no stake in company

theflyonthewall.com

James Balsillie, former co-CEO and co-founder of Research in Motion, now called BlackBerry, disclosed today that he owns no stake in his former company. Shares of BlackBerry are down 4%, or 54c, to $13.45 in pre-market trading. Note Deutsche Bank this morning said its channel checks indicate the launch of BlackBerry's Z10 smartphone is not as good as it would like to see with stores in the UK not sold out of the device.

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