RIM May Sell Off Its NewBay Cloud Service

There has been rumors that RIM might unload their NewBay cloud service.  Wall Street is the source of these rumors and they were published recently. Hit the break for more details.NewBay was aquired by RIM last year for $100 Billion dollars and Thorsten may sell it off as a way to save the company $1 Billion as he has promised.  With all of the problems that they have had as of late this might just be the move they need to start going in the right direction.  As always restructuring is a long road and only time can tell if RIM will be able to recover.