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Motorola splitting off its cell phone business

26 March 2008 15:02 by Andre "DVDBack23" Yoskowitz | 3 comments

Motorola has announced that it will be splitting off its mobile phone business into a seperate company by 2009.

The move is seen as a way to acquiesce to the demands of major investor Carl Icahn and the split will leave Motorola as a company that makes TV set-top boxes, wireless equipment, public-safety radios and bar-code scanners.

Motorola CEO Greg Brown has this to say about the latest move. "The decision will provide improved flexibility, more tailored capital structures, and increased management focus - as well as more targeted investment opportunities for our shareholders."

"Clearly there's a lot more work to be done," Brown added. "It will be a product-led recovery. We're taking steps now to ensure and solidify that direction."

Motorola Mobile Phones

Motorola MOTOKRZR K3
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Motorola KRZR K3

Motorola RIZR Z8
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Motorola C650
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Motorola E1000
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Permalink to this article | Topic: Phones

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Discuss this article!
leady (Newbie) 26 March 2008 22:13
It looks like to split off is the tendency nowadays [ + quote]
z3rofate (Junior Member) 27 March 2008 9:57
ive hated every moto phone ive gotten. LG seems to work better i would say [ + quote]
chaos_zzz (Junior Member) 28 March 2008 6:09
I only use motorola cuz of Iden, no really have a choice there,nextel's blackberry is lame. [ + quote]