Trouble Ahead? BlackBerry's Biggest Investors Reduce Stakes, Board of Directors Thins Out

Posted by Techvibes NewsBite

BlackBerry board member Bert Nordberg will be leaving the company's board next month, according to a filing Thursday with the U.S. Securities and Exchange Commission, while BlackBerry's two biggest investors are reducing their stakes in the Waterloo-based smartphone maker.

Nordberg won't be seeking re-election. And Prem Watsa's Fairfax Financial Holdings and activist fund manager Dan Loeb are both trimming their positions: Fairfax shed five million shares while Loeb’s Third Point LLC sold 10 million.

 

Company:
BlackBerry
Website:
http://www.blackberry.com
Location:
Waterloo, Ontario, Canada

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry solution in 1999. Since then, BlackBerry products and services have continued to change the way millions of people around the world stay connected. With the launch of BlackBerry 10, we have re-designed, re-engineered and re-invented BlackBerry. Not only did we introduce a... more


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Techvibes NewsBite

Techvibes NewsBite

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information.The Techvibes NewsBite feed curates interesting stories from around the web and delivers them to your virtual doorstep in bite-sized doses. more



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