TheVerge reads behind the Sunday Times’ firewall:

BBM and BES only run on Blackberry now, and that platform will have a market share heading toward zero by the time RIM gets all of this organizational structure sorted. So keeping that a separate business makes little sense.

The other option is selling out piecemeal to Microsoft for parts and people. I imagine that by then, the price of RIM will get so low, even Apple and Google would be interested in picking up the parts (patents, people, and tech). Microsoft is probably already lining up some cash to buy the remnants of Nokia as well, so it is less likely to pick up RIM (although it made several attempts to pick up RIM in the past).

Moreover, RIM’s QNX/Blackberry 10 might have some value for companies like Dell, HP (which recently fumbled WebOS), Lenovo, Toshiba, Acer, or ASUS due to Microsoft now building its own tablets and scaring OEMs.

That split could also see Cisco or Oracle taking the backend stuff.

Any way you look at it, on the fifth anniversary of iPhone, Blackberry —as we knew it— is almost over.