TORONTO Feb 14 Shares of Blackberry
slipped on Thursday, after the company's former Co-Chief
Executive Officer Jim Balsillie disclosed that he had sold his
once-sizable stake in the embattled smartphone maker.
In a regulatory filing on Thursday, Balsillie said that by
the end of last year he had sold his entire stake in the
company. Balsillie, who stepped down as CEO a year ago, owned
about 26.8 million shares, or a roughly 5 percent stake in the
company, as of Dec. 31, 2011.
Shares of BlackBerry were down 3.4 percent at $13.52 in
early trading on the Nasdaq, while its Toronto-listed shares
fell 3.5 percent to C$13.51.
(Reporting by Euan Rocha; Editing by Gerald E. McCormick)