BlackBerry co-founder Michael Lazaridis has trimmed hisstake in the troubled smartphone pioneer to
just below 5 percent afterselling 3.5 million shares during the past two days.The salesdisclosed in a
Tuesday regulatory filing came after BlackBerry Ltd.announced a third-quarter loss of $4.4 billion last
week. The setbackmarked the latest sign of the company’s deepening distress asBlackBerry’s products fall
further behind the iPhone and devices runningon Android software.Lazaridis previously owned a 5.7 percent
stake in the Waterloo, Ontario company that he once ran.Lazaridisand BlackBerry co-founder Douglas Fregin
said they were mulling a bidto buy the company in October. But BlackBerry in November said it hadabandoned a
bid to sell itself.Copyright 2013 The Associated Press. All rightsreserved. This material may not be
published, broadcast, rewritten orredistributed.BlackBerry co-founder Michael Lazaridis has trimmed hisstake
in the troubled smartphone pioneer to just below 5 percent afterselling 3.5 million shares during the past
two days.The salesdisclosed in a Tuesday regulatory filing came after BlackBerry Ltd.announced a
third-quarter loss of $4.4 billion last week. The setbackmarked the latest sign of the company’s deepening
distress asBlackBerry’s products fall further behind the iPhone and devices runningon Android
software.Lazaridis previously owned a 5.7 percent stake in the Waterloo, Ontario company that he once
ran.Lazaridisand BlackBerry co-founder Douglas Fregin said they were mulling a bidto buy the company in
October. But BlackBerry in November said it hadabandoned a bid to sell itself.Copyright 2013 The Associated
Press. All rightsreserved. This material may not be published, broadcast, rewritten orredistributed.