The largest holder of BlackBerry stock says he still believes in the company. Prem Watsa owns 10 per cent of the company and is not planning to sell. He first became associated with BlackBerry through a friendship with founder Mike Lazaridis. Now that Lazaridis is leaving BlackBerry one might assume that Watsa would also leave, but he has said he's staying put. Watsa is on the Board of Directors and is now the largest share holder.
BlackBerry is struggling in the US, but is doing okay around the world. The company still has a lot of die hard fans and once the BlackBerry Q10 is out, we will probably see sales continue to increase. Some people need a physical keyboard and BlackBerry still has the best QWERTY keyboard on the market.
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Watsa said Thursday at his annual meeting for Fairfax Financial Holdings that CEO Thorsten Heins has done a great job since taking over last year, and he expects the company will do well over time. He has called Lazaridis a technical genius who invented the modern smartphone and said he will be missed. Lazaridis, RIM's second largest shareholder, started a new venture capital fund last month and is also a major philanthropist.
BlackBerry is struggling in the US, but is doing okay around the world. The company still has a lot of die hard fans and once the BlackBerry Q10 is out, we will probably see sales continue to increase. Some people need a physical keyboard and BlackBerry still has the best QWERTY keyboard on the market.
[ Photo Credit ]