Motorola: splitting wireless from other business?
updated 08:00 pm EST, Thu January 31, 2008
Motorola examines options
Motorola today announced it is exploring the possibility of restructuring its business strategies in order to recoup its status as a top wireless equipment provider. After having recently been bumped to third behind Nokia and Samsung, Motorola is taking steps to win back marketshare, and in turn, enhance the value of its shares. One avenue the company is exploring is to divide its wireless business from the rest of its daily operations, allowing each party to concentrate fully on their various tasks.
"All of our businesses have exceptional people, products and intellectual property and the ability to achieve category leadership in their markets," said Greg Brown, President and Chief Executive Officer. "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."
Motorola will not comment on the matter until its board of directors has approved a definitive course of action.
