Filed under: Handsets, Motorola
Rumor no longer, Motorola is taking a hard look at its Mobile Devices unit and might very well give those slackers the ol’ Freescale treatment and spin off the division as a separate company. This sort of love ‘em and leave ‘em tactic is oddly a bit of a habit with Motorola when times are bad, and times certainly have been better — Motorola’s phone unit lost $388 million this quarter, compared to $341 million in earnings a year ago. Motorola may sell the unit or spin it into its own company, which would leave Motorola with precious few intersections with the RAZR-saturated consumer, and as more of a government and enterprise business. Says Greg Brown, current president and CEO: “We are exploring ways in which our Mobile Devices Business can accelerate its recovery and retain and attract talent while enabling our shareholders to realize the value of this great franchise.” It’s a pretty odd statement for any company to make, and considerations may be further along than they sound, but either way we’ll be keeping an eye out for any developments.
[Thanks Stasys; via Unwired View]
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Original post by Paul Miller
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