One  of our RIM analyst friends @SurrelCivic has been preaching that RIM would drop its hardware division ever since word came out that RIM was losing big money in it. His belief looks look like it might be coming to fruition as The Sunday Times is now reporting that RIM is considering to split its business. Last month, RIM hired JP Morgan and RBC Capital to look at its strategic options, and now it looks like they could break off its handset division into a separate listed company or sell it.

The report adds that potential buyers would include Amazon and Facebook. RIM’s messaging network could also be sold, or opened up to rivals such as Apple and Google to generate income. Otherwise, the alternative would be to keep the company together but sell a stake to a larger technology firm such as Microsoft. What do you think RIM should do with its hardware division?

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via Reuters