BlackBerry Co-Founder Lazaridis Leaving Board May 1

BlackBerry (NASDAQ: BBRY  ) co-founder and Vice Chairman of the Board Mike Lazaridis will resign from the board on May 1, 2013, the company announced today in its fourth-quarter and year-end fiscal report.

Lazaridis co-founded BlackBerry almost 30 years ago and served as co-CEO of the company until last year, when he became vice chairman of the board. Last week, Lazaridis announced a new project he was started, called Quantum Valley Investments. Current BlackBerry CEO Thorsten Heins said in a BlackBerry statement, " I admire Mike for his many achievements and for his vision in helping bring BlackBerry 10 to fruition." 

Lazaridis said in the release that, "With the launch of BlackBerry 10, I believe I have fulfilled my commitment to the Board." In the same press release announcing Lazaridis' move, BlackBerry announced shipments of 6 million smartphones for the fourth quarter, including approximately 1 million BlackBerry 10 units.

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  • Report this Comment On March 28, 2013, at 1:13 PM, Oril wrote:

    Is that the best you got?

    Lazaridis is not selling his shares and neither am I.

    How about you fools, are you going to cover your shorts now or are you going to wait for your broker to do it for you?

    Lol

  • Report this Comment On March 28, 2013, at 1:53 PM, GreggieSB wrote:

    @InfoThatHelp

    I got to tell you. I get a kick out of reading your comments. They are almost as funny as the pathetic articles that come out of this site and only to be enjoyed for a laugh. Question. Are you trying to be funny or are you really that delusional?

  • Report this Comment On March 28, 2013, at 1:55 PM, mp65 wrote:

    1 Million phones in 3 weeks in 10 percent of the global market and they made a profit...without Q10 or the rest of the world and 5 other soon to be released phones and surprise device coming soon! should have listened to plain facts and fundamentals...3B in cash no debt and the best OS in a 1 billion phone market in which they were not in 850M of it...easy money! 8M phones this quarter at 40 percent profit margins means 2 - 3B a quarter IBT...10 X P/E ratio 80 to 120 billion market cap...that's 10 time minimum

  • Report this Comment On March 28, 2013, at 1:57 PM, mp65 wrote:

    @infothathelp...bye bye shorty! you're going to lose Big Time!

  • Report this Comment On March 28, 2013, at 1:57 PM, Oril wrote:

    How are you apple freaks doing today?

    I see the markets are at all time highs apple down two percent and blackberry up three percent. Thing just keep getting better.

    And spring is here. All in all another glorious day.

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