“Without saying where the information comes from, a report by the Sunday Times of London says that Research In Motion Ltd. wants to separate the hardware side of the business from the services side, or else sell a stake in the company,” Iain Marlow reports for The Globe and Mail.
“The report mentions Facebook and Amazon as potential buyers, but on Sunday several people close to RIM dismissed the news as ‘a silly fantasy,’ and ‘one of the most ridiculous ideas I have heard in a while,'” Marlow reports. “The idea of splitting RIM in two – separating the hardware business that makes BlackBerrys and PlayBooks from the so-called ‘services’ division that is responsible for the global network that relays the devices’ messages – was an idea first advanced by former RBC Dominion Securities analyst Mike Abramsky.”
Marlow reports, “But two former RIM executives said on Sunday that top managers do not currently take the idea seriously, and one said that ‘splitting the two would accomplish nothing.'”
Read more in the full article here.
MacDailyNews Take: At this point, whole or split, beleaguered RIM itself is a “silly fantasy.”
Related articles:
Beleaguered RIM reportedly considers splitting business in two – June 24, 2012
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
The Rimtanic goes down in one piece versus two.
“Whoever said that is crazy; we’ll be Chapter 7 way before we could split the company.”
Half of nought is nought.
I love the new Beleagered first name of the company.
Yawn!
Kind of like a football team with a modest offense, but a lousy defense, wanting to split into two teams, each missing the other half’s skills. Good luck winning with that concept.
Maybe RBC (Royal Bank of Canada) cooked up this fantasy as way to protect/boost their interests?