Anaylst says Motorola “would be lucky” to get $500 million
Filed under: Handsets, Motorola, Misc
Things have been looking pretty bleak for Motorola and its attempts to salvage its handset division for some time now, but a number of analysts are now painting an even clearer picture of just how bad things might be. According to BusinessWeek, some analysts are saying that with spin-off plans looking less and less likely, Motorola may revert back to its original plan to sell off the handset division outright, although Envisioneering Group’s Richard Doherty says it “would be lucky to fetch $500 million.” As BusinessWeek points out, that very same analyst pegged the business at a hefty $8 billiion just last year. Analyst Richard Windsor of Nomura even went so far as to say that Motorola might actually have to pay someone to take the division off its hands. Now that’s an idea we can get behind.
[Via Unwired View]
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Original post by Donald Melanson
