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From $3.4-billion to $10-billion As investors in Blackberry maker have enjoyed stellar returns, so have ... Smartphone News forum

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    cherrichiodo's Avatar
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    The Billionaire BlackBerry Duo?

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    From $3.4-billion to $10-billion

    As investors in Blackberry maker have enjoyed stellar returns, so have inventors Jim Balsillie and Mike Lazaridis

    The billionaire BlackBerry duo has even more capacity for philanthropy - or buying National Hockey League teams - these days, thanks to their company's soaring stock price.

    Research In Motion Ltd.'s latest management proxy circular shows co-CEOs Mike Lazaridis and Jim Balsillie's combined stockholdings in the Waterloo, Ont., high-tech phenomenon were worth more than $10-billion (U.S.) last month, up from about $3.4-billion a year earlier.

    During that period, the price of RIM's shares on the Nasdaq exchange - the measuring stick used in the circular -rocketed to nearly $141 from less than $56.

    Mr. Balsillie, who has been trying to buy an NHL franchise, so far in vain, holds shares and deferred share units now worth nearly $4.83-billion, while Mr. Lazaridis's slightly larger holdings are within a hair's breadth of $5.2-billion.

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    good article to rub into Gary Bettmans face ( commissioner of the NHL). They sold a team that Balsillie was going to purchase to a guy that is now in chapter 11 bankruptcy.

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    I knew I should have bought more stock after the split. Dang...there go my billions :cry:
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    I missed out on buying stocks a long time ago; is to late?

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    planneau's Avatar
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    That move sounds like more advertising for RIM as well.

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    Yeah likewise! Its kinda expensive to buy stocks at this time! Unless you are extremely rich and can invest around a mil., I really don't see people making a lot of money art this point in time in rim's corporate state.

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    Yeah well there's a reason why there so rich..great phones and a great company. ~via BB (wap.pinstack.com)~

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    Hopefully i will hit the lottery this weekend here in Florida, Maybe then i will be able to by some stock. I think RIM is going to have a very promising Future if they don't let apple keep getting the jump on them.

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