“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,” Reuters reports.
“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,” Reuters reports.
Read more in the full article here.
Related articles:
Beleaguered RIM shares halted, stock falls 13%: CEO sees loss this quarter – May 29, 2012
Beleaguered RIM to eliminate 6,500 employees by early next year, sources say – May 29, 2012
Beleaguered RIM slips amidst talk of unsold inventory write-down – May 29, 2012
Beleaguered RIM to axe at least 2,000 jobs – May 27, 2012
Beleaguered RIM’s head of global sales departs BlackBerry maker – May 23, 2012
Beleaguered RIM misses badly on revenue, EPS, unit shipments; Former half-CEO Balsillie resigns; CTO, COO also out – March 29, 2012
Another senior executive exits beleaguered Research In Motion – October 28, 2011
Two more senior staff exit beleaguered BlackBerry maker RIM – September 29, 2011
Shuffling the deck chairs on the Titanic.
Yeah, a BAD RIM, and a (not-so-sick, advertised as “healthy”) RIM, like they have done with banks in a number of countries.
Then, within months, one of the 2 changes its name, so people “don’t remember” (And, in practice most don’t).
RIM: the Wang Computers of the mobile era.
Would love to see them do it only to get a resounding yawn as a response.
So they got rid of twin CEOs and now they are gonna be twin companies?
That settles it – RIM suffers from bipolar disorder.
+∞!
+∞∞
What’s 2 divided by 0
infinity.
More like 0 divided by 2.
+100500
More like +100500E
Infinity
No, anything divided by zero is undefined. wikipedia “zero”
Still, “undefined” is more about “0 divided 0” situation. Any number besides 0 in the first part would result infinity once you will try actually to apply a limit and “calculate” it.
there are several types of undefined expressions: zero over zero, number over zero, zero over infinity, and infinity over zero just to name a few
Zero interest.
Low battery.
Pulling a page from Palm’s play book? Shouldn’t they remember how that went for Palm?
But if the Rimtanic is going down, splitting it in two might allow one half to float…for awhile, giving MDN & commenters further opportunities at humor.
“RIM’s messaging network could also be sold, or opened up to rivals such as Apple…”
In their dreams
What company would want a handset manufacturing unit? They would just copy Apple and contract out the process.
“Nothin’ from nothin’ leaves nothin’, ya gotta have somethin’ if ya wanna be with me.” – Billy Preston
“Two can be as bad as one. It’s the loneliest number since the number one” Three Dog Night
Two Out of Three Ain’t Bad – “Meat Loaf”
lol good one
If those computer guys think they are going to get into the phone business, good luck.
CEO RIMM 2007 …..
Not exact word for word but you get the idea!
Remember. The execs at RIM thought SJ’s iPhone demo was rigged!
I’m pretty sure is their Twin CEOs had been Trojan, they would have said something like, “It’s just a big wooden horse… what harm could it possible be?”
Surprise. Sur… or wait. Not really a surprise.
Must be frustrating and humiliating for the twin RIM CEO’s to know they might have done something about if they had taken the threat seriously and acted quickly but didn’t and end up destroying the company by their foolishness and incompetence. I hope other tech companies here on out realize denial is never a strategy.
RIM is toast anyway you look at it. They have lost their edge and it’s not coming back. Apple’s mobile software is driving the market and everybody else is in a catch up mode. Even Microsoft is clueless. Watch those idiots buy Nokia next week. The surface is another Zune
In the making. Why would anybody want that piece of crap..??
A lesson for us all:
I did a little search and found this link to Balsillie’s statement in response the iPad, Apple’s reality distortion field, Balsillie’s assurance that RIM’s Playbook would be a smash hit.
Read from the comfort of more than a year’s detachment, the comments that follow, although providing me with entertainment, are also a lesson in hindsight humility:
http://blogs.blackberry.com/2010/10/rim-responds-to-apples-distortion-field/
So, slice ’em in two and make a shit sandwich?.
Hold the Mayo
Rim has a business? Sounds like a Rim job to me.
RIMM is desperate for a suitor!
‘Please Buy me before I’m worthless’
Too late!
The messaging network has some value. During the 9/11 panic it was about the only system that didn’t go down or collapse under the weight of traffic.
Not sure the handset business has any value left
And then last year in the fall, the whole system froze. For days. Yup. That’s the service I want.
The messaging service IS fine, but can you really imagine either Amazon or Facebook buying a dying Canadian company, that’s been losing bucketloads of money and their best engineers? Zero chance. Not gonna happen. However, I know who’s going to buy them: Samsung! They need some patents to protect them against Apple, and they don’t invent much themselves.
It’s like a once proud thoroughbred race horse now being eyed up to make cat food and glue.
If your products are shit It doesn’t matter how you reorganize. They have no shot in the consumer space. They may have a chance if sold to an enterprise player (Dell, HP)