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RIM Denies Split Rumours, Stock Stumbles As Morgan Stanley Downgrades

After this weekend’s rumour hit the Internet, many have started to speculate as to if the news is true or not.  As I said I don’t see it being true as RIM’s core business is their hardware devices, so there wouldn’t be anything worthy keeping if they got rid of their hardware.  The market did take notice and stocks were down 69 cents as Morgan Stanley downgrades its value. RIM has come back and issued a statement denouncing the rumours

RIM has hired advisers to help the Company examine ways to leverage the BlackBerry platform through partnerships, licensing opportunities and strategic business model alternatives. As Thorsten said on the Company’s fourth-quarter earnings call, ‘We believe the best way to drive value for our stakeholders is to execute on our plan to turn the company around.’ This remains true.”

Can RIM hold out until the launch of Blackberry 10?