Indian Company Offers to Buy Motorola's Handset Unit
Videocon, an Indian consumer electronics company, has bid an undisclosed amount for Motorola's struggling handset business. Motorola has not responded to the offer.
Nov 28, 2018
LG today announced leadership and organizational changes that it hopes will improve the fortunes of its mobile business unit, which has suffered losses perennially. The current head of LG's Home Entertainment Company, Brian Kwon, will add the Mobile Communications Company to his plate.
Oct 13, 2017
Kwon Oh-hyun, CEO and Vice President of Samsung Electronics Corp., today announced plans to step down from his leadership role with the company. "As we are confronted with unprecedented crisis inside out, I believe that time has now come for the company start anew, with a new spirit and young leadership to better respond to challenges arising from the rapidly changing IT industry," said Kwon in an email sent to employees.
Mar 1, 2018
Best Buy will close 250 of its small store stores, which are mostly located in malls and focus on selling mobile devices. "The mobile phone business has matured, margins have compressed and the cost of operations in our mobile standalone stores is higher than in our big box stores," said Best Buy in a memo seen by Reuters.
Mar 27, 2018
Foxconn says it has agreed to acquire Belkin International for $866 million in cash. Foxconn, a unit of Hon Hai Precision, is most widely known for manufacturing iPhones for Apple.
America "Made In China"
Bring jobs back to the US? Well, how about A...
First TATA, now Videocon
Man, these Indians are coming. 🤭
but how can you even compare.. TATA is a one of the best companies in India and is the other company even in that league??
TATA buying Jaguar will hopefully ...
LOL my cousins Friend...
They're not just racing us to the bottom anymore
No more. China and India are racing us to the top. They don't just want to manufacture and support anymore, they know that the real money is in innovation and design, and they want a piece of that pie too.
"LOL MY COUSIN'S FRIEND" durkadurkha
I really am pulling for Motorola to make a turn-around now that their Handset Unit is independent of their Wireless and IP Solutions Unit. All they need to do is inject a little bit more money into their R&D department and develop another competitive handset line (or two or three...) that would take the industry into a new direction, like the RAZR undeniably did four years ago.
Moto: the RAZR design is as good as it gets...spend your money elsewhe...
I would hate to see an iconic American company go the way of selling out to another which I have never even heard of.
Isnt Motorola a Japanese Company?