Motorola to Buy Dreampark for Undisclosed Sum
Motorola Mobility today announced its intent to purchase a Swedish company called Dreampark. Dreampark creates software that uses open standards such as HTML and scalable vector graphics to repackage video content and distribute it to a number of different devices, including mobile phones and television sets. Dreampark will be folded into Motorola Mobility's Converged Experiences business. The deal is expected to close during the second quarter of the year. This is Motorola's fifth acquisition and/or investment in a media delivery software company this year.
Lenovo Reveals Moto Strategy for 2016
At an event at Mobile World Congress this week, Motorola unit President Rick Osterloh gave an update on the integration of Motorola Mobility into Lenovo, and gave new information on some future plans. The mobility unit of the company is now profitable.
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.
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.
Motorola Brand To Be Phased Out
Lenovo plans to phase out the Motorola brand from its phone lineup. Lenovo will now put its own name on all of its phones and related products.
Motorola Has to Stop Selling Phones in Germany
Motorola Mobility USA and Motorola Deutschland have been ordered to stop selling mobile phones in Germany after they were found guilty of infringing on a patent. A German court said Motorola's devices are improperly using patented antenna technology owned by LPKF Laser & Electronics AG.