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Motorola splitting off its cell phone business

Written by Andre Yoskowitz (Google+) @ 26 Mar 2008 15:02 User comments (4)

Motorola splitting off its cell phone business 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."


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4 user comments

126.3.2008 22:13
leady
Inactive

It looks like to split off is the tendency nowadays

227.3.2008 9:57

ive hated every moto phone ive gotten. LG seems to work better i would say

328.3.2008 6:09

I only use motorola cuz of Iden, no really have a choice there,nextel's blackberry is lame.

424.6.2010 5:39

hi i like to use Motorola only, it has the great features and looks smart.

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