yes this has been apparent for several years already...it is called DBM (death/dismemberment by management)
a bit unusual for such an iconic and highly-visible company...but it happens to more firms than is probably supposed
the managers take the best, most valuable parts and discard the liabilities either in bankruptcy or by just walking away and leaving them behind to die slow deaths on their own
I used to be able to make a few dollars off low-cap stocks. For the past few years, it seems that if they go public, someone finds a way to grab the assets.