Mike Lazaridis, inventor of the BlackBerry smartphone, is starting a C$100 million ($97 million) quantum technology fund that’s aiming to turn devices like the medical tricorder from “Star Trek” into reality.
BlackBerry, which is attempting a comeback with a new lineup of smartphones, reported a surprise profit in the fourth quarter after embarking on a cost-cutting program last year, even as sales continued to trail projections.
Jim Balsillie, Research In Motion Ltd.’s co-chief executive officer until January of 2012, cut his last formal ties to a company he helped build for two decades when he reported yesterday that he no longer holds a stake.
Jim Balsillie, Research In Motion Ltd.’s co-chief executive officer until January of last year, cut his last formal ties to a company he helped found 20 years ago when he reported yesterday that he no longer holds a stake.
As recently as five weeks ago, Jim Balsillie, who helped build Research In Motion Ltd. into Canada’s biggest company by market value, was showing no signs that he was about to step aside as investors pushed for management changes at the BlackBerry maker.