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RIM considers splitting business in two: paper
A sign of Research in Motion (RIM) is seen at its headquarters in Waterloo, Ontario, January 22, 2012.
Credit: Reuters/Geoff Robins
LONDON |
LONDON (Reuters) - BlackBerry maker Research in Motion is considering splitting its business in two, separating its struggling handset manufacturing division from its messaging network, The Sunday Times reported.
RIM, which last month said it had hired JP Morgan and RBC Capital to look at its strategic options, could break off its handset division into a separate listed company or sell it, the British newspaper reported without citing sources.
Potential buyers would include Amazon and Facebook, it reported, adding that RIM's messaging network could also be sold, or opened up to rivals such as Apple and Google to generate income.
An alternative option would be to keep the company together but sell a stake to a larger technology firm such as Microsoft, the newspaper said.
(Reporting by Kylie MacLellan; Editing by Catherine Evans)
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Why would RIM even consider such an option when they have gambled the company on a new device and new software due for release later this summer?
They wouldn’t damage their chances by splitting the company before that product launches.
And in any case, there’d be even less share holder value from a split than there was before.
It’s nonsense. Fascinating that Reuters decided to run with it though.
and fyi: they are looking for a survival plan by any means necessary so you can ignore the FACTS that manufacturers have announced plans to cease production for RIM products (Celestica), that they are laying off thousands of employees, they have had massive senior management turnover, they continue to lose market share and are trying desperately to find a buyer — you COULD ignore all that but whatever — go ahead and believe in a “press conspiracy”…
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