What a Billion Was Worth in Tech in 2012

By Jordan Robertson and Mark Milian - 2012-12-10T22:54:42Z

Photograph by Julie Fletcher/Bloomberg

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RIM's Corporate Jet

It's been a tough year for Research in Motion. Mike Lazaridis and Jim Balsillie stepped down as co-CEOs in January after the maker of the BlackBerry failed to slow the gains in mobile by Apple and Google.

Then in July, to buy itself some time, RIM put one of its two corporate jets up for sale under a plan to save $1 billion, two people with knowledge of the matter said. The company tried to fetch up to $7 million for its nine-passenger Dassault Aviation SA F50EX, one of the people said. If the planned release of BlackBerry 10 doesn't go smoothly next year, RIM may need to consider selling its other plane.