BlackBerry co-founder Lazaridis dumps 3.5 million shares

BlackBerry co-founder Mike Lazaridis had so much faith in the company he helped rise to greatness — which, coincidentally, is also the company he helped destroy — that he considered a bid to purchase the struggling vendor earlier this year. Now, however, Lazaridis might finally be losing some faith. Following BlackBerry’s fiscal third-quarter earnings report that saw the company post a massive $4.4 billion loss, interim CEO John Chen managed to convince investors that BlackBerry is on the verge of a rebound. As a result, the company’s share price has soared more than 25% over the past few days. Lazaridis may be unsure of BlackBerry’s prospects or he may have just been looking for some quick cash, but a regulatory

via Tech News Headlines - Yahoo News http://news.yahoo.com/blackberry-co-founder-lazaridis-dumps-3-5-million-140010331.html