Lazaridis increases his stake in BlackBerry to 8%; bid coming?
While BlackBerry has a $4.7 billion offer from Fairfax Financial to go private, we wouldn't consider Lazaridis as being a white knight or anything close to the calvary. In fact, it can be argued that Lazaridis and co-CEO Jim Balsillie helped put BlackBerry in its current mess by visiting that river called denial once the Apple iPhone was introduced in January 2007. Recently, Lazaridis came clean and admitted that while in public he tended to put down the iPhone while privately he was in awe of its capabilities.
A securities filing made by Lazaridis on Thursday suggests that he is considering a bid to buy back the company he helped create under the moniker Research in Motion.