RIM Considers Spinning Off Handset Business From Messaging 87
According to this Reuters report, RIM is considering separating its messaging network business from its manufacture of handsets, and either listing the resulting new company separately, or selling it to another firm. According to the article, "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."
Re:Handle has been pushed (Score:5, Informative)
You can't really value a shrinking company on the same scale as a growing company. There's no historical P/E that could convince me to buy a dying company. (There are other things that could, like price/book, or likelihood of a takeover, or a projected P/E of say 1, etc.)
Also, 15.44 proj P/E is only really slightly low. Quoting FB's absurdly high P/E (which is no longer 105) is just silly. Compare to Apple at 14.19 historical P/E, and still growing strongly. Or to Google at 17 historical P/E (and growing). 15.44 is low for a growing tech company, but not even that low, so it's hardly a reason to buy a shrinking company.