Is Samsung Stepping on BlackBerry’s Toes?

The news that former Research in Motion co-chief executive officer Jim Balsillie cut his last ties to the company now known as BlackBerry (NASDAQ:BBRY) hit the company’s stock like a strong uppercut to the jaw.

On Thursday, it was revealed that as of December 31, Balsillie owned zero shares in the company, down from the 5.1 percent stake he had a year ago. At one time, he had been Research in Motion’s third-largest shareholder, Bloomberg reported. BlackBerry shares dipped 6 percent on the news as investors began to wonder why the man who spent twenty years building up the smartphone manufacturer would want to dump his holding entirely.

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While the stock reversed some of its losses, shares were once again trading down on another piece of bad news on Friday morning. The Boston-based brokerage firm Detwiler Fenton said in a note, seen by BGR News, that Samsung (SSNLF:PK) had plans to reveal a new enterprise platform at the Mobile World Congress trade show later this month that will be highly competitive with the BlackBerry 10 operating system. This would be a huge blow for BlackBerry, with the company counting big on the enterprise market to boost the adoption of its new smartphones…

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