Lazaridis increases his stake in BlackBerry to 8%; bid coming?

Lazaridis increases his stake in BlackBerry to 8%; bid coming?
Just when BlackBerry needs to look hard to see if it has a future, it is a name from its past that might be interested in buying the outfit. Co-founder and former co-CEO Mike Lazaridis has increased his stake in BlackBerry to 8% from 5.7% He also has engaged the services of Goldman Sachs and Centerview Partners LLC to discuss his options in relation to the company he steered through its steak and salad days.

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.

source: Reuters

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6 Comments

1. jamesedward318 unregistered

It is kind of disheartening to see a company fall from grace like this. I remember when it was cool to have a BB and if you didn't use BBM then you were considered a lame. Now if you are still using a BB you are a lame. This is like watching an old withered up football player scarmble around the football field trying to withstand hit after hit knowing he can't take it. The more he gets hit the worse you feel. You kind of just want to see old buddy give it up but he won't go out without a fight. Please BB just lay down and give up.

3. Finalflash

Posts: 4063; Member since: Jul 23, 2013

I think people should learn something from the example of Yahoo and BB. If Google comes to you and asks you to join their revolution of whatever it is they are plotting (for the uninitiated, Google founders tried to sell their search algorithm to Yahoo and early on asked BB to adopt Android)....just do it....don't fight it.

4. weinerslav

Posts: 126; Member since: Jul 31, 2012

I wonder how is it possible nowadays that still exist people that label someone else "lame" for what they use or not... It seems pretty lame to me... You can say that it was a trend but using "lame"? I would say that being a follower is much lamer.

5. raphz

Posts: 37; Member since: Oct 22, 2012

+1 really like your comment

6. MobileKicker

Posts: 212; Member since: Sep 19, 2013

If intel would buy blackberry Then the next blackberry will have 16 cores of corei7 running at 9.2 Ghz

2. PhoneCritic

Posts: 1354; Member since: Oct 05, 2011

Oh no, one golden parachute is not good enough. Got to double dip. Why not instead help the poor employees who are being laid off by giving away some shares?

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