Friday, February 01, 2008

Motorola Selling its Mobile Division

MOTO movers are in for a shock as Motorola plans to sell off its mobile handset division. That is the worst-case scenario as the company has come to realize that their mobile division is not doing as well as expected. The other alternative is to "explore the structural and strategic realignment of its businesses to better equip its Mobile Devices business to recapture global market leadership and to enhance shareholder value", according to an official press release.
“All of our businesses have exceptional people, products and intellectual property and the ability to achieve category leadership in their markets,” said Greg Brown, President and CEO. “We're exploring ways in which our Mobile Devices Business can accelerate its recovery and retain and attract talent while enabling our shareholders to realize the value of this great franchise.”
Read More at Tech2,unwiredview

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