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Canadian Business estimated Fregin's net worth to be $1.72 billion in November 2007. [citation needed] Fregin sold all his stock in Research In Motion around the same time Apple released the first iPhone. [14] In response to strategic changes at BlackBerry, Fregin and Lazaridis established Quantum Valley Investments, a venture fund, in March ...
The GM contract, a small government grant, and a loan from Lazaridis's parents enabled Lazaridis, Mike Barnstijn, and Douglas Fregin to launch Research In Motion. One of the company's first achievements was the development of barcode technology for film.
Logo as Research In Motion, used prior to January 30, 2013. Research In Motion Limited was founded in March 1984 by Mike Lazaridis and Douglas Fregin. [4] At the time, Lazaridis was an engineering student at the University of Waterloo while Fregin was an engineering student at the University of Windsor. [5]
The gripping and hugely enjoyable "BlackBerry" is about the famous — and later infamous — Research in Motion gadget that helped trigger the global smartphone era as we know it, before sliding ...
In Waterloo, Ontario in 1996, Research in Motion (RIM) CEO Mike Lazaridis and his best friend and co-founder Douglas Fregin prepare to pitch their "PocketLink" cellular device to businessman Jim Balsillie. Their pitch is unsuccessful, but after Balsillie is fired from his job due to his aggressive ambition, he offers to invest $20,000 for 50% ...
DETROIT (Reuters) -U.S. automakers Ford Motor and General Motors will donate $1 million each, along with vehicles, to U.S. President-elect Donald Trump's January inauguration, company ...
Continental Resources Inc. tapped Doug Lawler, former Chesapeake Energy CEO and Anadarko Petroleum executive, to fill the void left with the pending retirement of longtime Continental exec Jack Stark.
As Research In Motion went public in 1997, Fregin's ownership stake in the company amounted to 5% of shares, valued at $23.6 million.[6] Over the years, his ownership increased, and in 2005, he owned 2.7% of RIM , which had a value of $396 million.