That would be like Blockbuster and the United Postal Service merging.
I started a thread months ago how Balsillie has seen a huge chunk of his fortune evaporate, but it was quickly merged. I almost feel like the hockey team idea was a way to allow him to sell huge chunks of his equity state in RIM without alerting investors of the long term challenges he much have clearly seen on the horizon.
The guy's worth a fraction of what he was.
That's for sure.
Nearly all of his worth is made up of RIMM shares (~90%), which is just stupid.
RIMM closed at $14.70 yesterday, which means his 31.1m shares are worth $457,170,000.
At RIMM's highest point (three years ago, $144.56/share), they were worth $4,495,816,000.
Step 1: Go to youtube.com
Step 2: Click on the disc next to the youtube logo at the top.
Step 3: ???
Step 4: Profit
I think one of the funniest things about that is in the order genre sets they have "dubstep remixes".
Also for my political science class I just watched "Wag the Dog". Quite possibly one of the worst movies I have ever seen. I can't believe they thought that cover up/scam was clever. So many plot holes in that movie. It was just awful.