BlackBerry co-founder trims stake on loss
BLACKBERRY co-founder Michael Lazaridis has trimmed his stake in the smartphone pioneer to just below 5 per cent from 5.7 per cent.
Retail
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BLACKBERRY co-founder Michael Lazaridis has trimmed his stake in the troubled smartphone pioneer to just below 5 per cent after selling 3.5 million shares during the past two days.
The sales disclosed in a Tuesday regulatory filing came after BlackBerry Ltd announced a third-quarter loss of $US4.4 billion ($A4.94 billion) last week.
The setback marked the latest sign of the company's deepening distress as BlackBerry's products fall further behind the iPhone and devices running on Android software.
Lazaridis previously owned a 5.7 per cent stake in the Waterloo, Ontario company that he once ran.
Lazaridis and BlackBerry co-founder Douglas Fregin said they were mulling a bid to buy the company in October.
But BlackBerry in November said it had abandoned a bid to sell itself.
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