Motorola Exploring Sale of Handset Business
Motorola issued at statement late today that indicated it is exploring options for the future of its handset division. Those options include spinning off or selling the handset business altogether, so that the company can separate its businesses and recover about $20 billion in shareholder value. The company has been besieged by lost market share, discontented shareholders, and plummeting profits over the course of the last year as it struggles to bring popular handsets to market. Motorola's handset business represents nearly half of its $36 billion in revenue. Motorola also makes and sells set top boxes for cable TV systems, WiMax and Wi-Fi backhaul equipment, ruggedized enterprise computing systems and two-way radios for first responders. Motorola reiterated that nothing concrete has been decided and that the entire company is not for sale. It is only researching the best way to move forward with its handset business at this time.
Motorola's Moto E4 Hits Verizon Prepaid June 22
Motorola today said its recently announced Moto E4 smartphone will go on sale June 22 in the U.S. The handset will be sold by Verizon Wireless Prepaid online for $70.
Lenovo Announces Layoffs, Remains 'Committed' to Motorola
Lenovo today announced a workforce reduction that will see close to 2% of the company's 55,000 employees losing their jobs. Most of the more-than-1,000 cuts impact Lenovo-owned Motorola.
Nokia Issues Statement On Handset Plans
Nokia today issued a statement reaffirming that it will not manufacture cell phones. "Recent news reports [claim Nokia] communicated an intention to manufacture consumer handsets out of an R&D facility in China.
Sony Still Weighing Sale of Smartphone Business
Sony today announced plans to spin off its audio and video business into a separate company. The unit will take the form of a wholly owned subsidiary of Sony.
Not gonna happen
http://www.reuters.com/article/marketsNews/idINN0346 ... »
http://www.tmronline.com/A55951/tmrarticles.nsf/e17d ... »
Joint venture FTW! Let's face it Motorola needs a new ...
Nokia the logical buyer?
Nokia - strong in most of the world but weak in the United States
Motorola - strong in the United States but weak elsewhere
If Nokia buys Motorola's handset division, they will easily win back the U.S. market, which Nokia has been struggling in.
Having a possible gain by your theory; would Nokia manufactur...
BUY BUY BUY
Not a debt laden wireless carrier in the bunch.
I want to feel bad about this, but it's been coming for a long time - they're not a creatively bankrupt company, but they've been practically moving backwards compared to most of their compe...
I am the only one left that likes Motorola phones? I've used Motorola phones for years and have always been happy...now granted I never bought a razr only iden and the hybrid ic902, which is the best phone I have e
Not Suprising, They had it coming for a While
In terms of style, the razr and slvr were cool in 2005, but moto hasn't produced anything new since. Even Apple, which ha...
This is a Sad Day for the Pioneers
Why are thou so competitive,
That pioneer in the art of phones may not survive...
Seriously though, it is sad that the inventors of cell phones are considering they are no longer willing to stay in this business..
GREG BROWN is worse than his predecessor (the worthless Ed Zander), in that he wants to immediately destroy the primary business of the company he just took helm of.
Start Something New