RIM Falling Toward Splitsville

[Scott Moritz]

Scott Moritz

07/12/11 - 10:17 AM EDT

NEW YORK (TheStreet) -- Management seems clueless, insiders are losing hope, and now analysts are calling for a split of Research In Motion (RIMM).

RBC analyst Mike Abramsky is the most recent RIM watcher to call for action. Abramsky, a die-hard RIM bull, urged the company in a research note Tuesday to split into two businesses: network and devices.

"Acting now may target opportunities and unlock significant shareholder value," wrote Abramsky.

The restructuring call comes as RIM's stock continues its freefall this year, down 52% since January, while rivals Google (GOOG)and Apple (AAPL) continue to sweep up BlackBerry market share.

The story: http://www.thestreet.com/story/11181521/1/rims-plunge-could-veer-to-splitsville.html