Motorola Planning to Sell Set-Top Box Business
According to the Wall Street Journal, Motorola is exploring the possible sale of its set-top box and wireless networking businesses. Motorola operates a number of different business units, including ruggedized handhelds, wireless networking equipment and cable boxes, and its mobile handset unit. The company had previously announced its intent to split into two smaller operations, though it was believed at the time that Motorola would sell of its handset division. The Wall Street Journal's sources indicate that Motorola seeks about $4.5 billion for the cable box and networking business, which is being guided by J.P.Morgan Chase and Goldman Sachs. The set-top box and wireless networking division became the biggest portion of Motorola's business this year.
Review: Motorola Moto X for Verizon Wireless
Motorola is back with a new version of its X, its top-of-the-line smartphone. The X is a better competitor than last year's device as far as features go and takes build quality to the next level.
Motorola Solutions Acquires PTT Provider Kodiak Networks
Motorola Solutions today said it has agreed to acquire Kodiak Networks for an undisclosed sum. Motorola Solutions is the not the Lenovo-owned company behind Motorola smartphones; rather, Motorola Solutions is a separate corporation that handles first-responder and push-to-talk hardware, and wireless networking equipment.
Lenovo to Slash 3,200 Jobs After Motorola Sales Slide
Lenovo today said it plans to reduce its headcount by as many as 3,200, or about 10%, as it looks to reduce expenses. The company reported earnings and said sales across its various business units dropped by 9% during the quarter.
Verizon Closer to $10B Asset Sale to Pay Down Debt
Verizon Communications has lined up several deals that will earn it up to $10 billion, reports the Wall Street Journal. The company took on a massive amount of debt to buy Vodafone's portion of Verizon Wireless last year.
What are they thinking?
A decade from now, the set top box business may be defunct, as consumer electronics companies continue to build IP and/or two way communications capabilities directly into TVs, DVRs, etc. And, hopefully, it will go the way...