The recent issues at Blackberry maker RIM have been well publicized over the last few months. The company is basically responsible for the world’s addiction to having our email everywhere we go. Now they can hardly breath in the wildly competitive smartphone market.
They have a turnaround plan that investors are waiting for them to execute on. But RIM is also looking into splitting their business into two. One entity for the handheld devices and one for their messaging network. Potential buyers for the handheld entity could be Amazon and Facebook. Of course that move for Facebook could make sense as they look to accelerate their mobile play.
RIM has hired JP Morgan and RBC Capital to help assess it’s options.