“Motorola Inc. disclosed late Thursday that the Schaumburg maker of communication products is exploring a ‘strategic realignment’ that might include divestiture of its troubled cellular-phone business,” James P. Miller reports for The Chicago Tribune.
“Motorola shares were pounded recently, after the company reported fourth-quarter results battered by the continuing loss of market share in cell phones . Once riding high on the success of its striking Razr, Motorola’s handset business has had difficulty finding a follow-up hit and its rivals have moved in to take a growing share of the global market,” Miller reports.
“Motorola’s cell-phone problems renewed speculation that the company might exit the volatile handset business and concentrate on its remaining, less-volatile communications-equipment operations. This week, Nomura analyst Richard Windsor raised that possibility and noted that rumors of a Chinese buyer for Motorola’s handset business have revived,” Miller reports.
Full article here.
[Thanks to MacDailyNews Reader “ChicagoMusicGuy” for the heads up.]
Jim Goldman reports for CNBC, “A source following the situation closely tells me that Motorola would not have made this move without having a buyer for the handset business in mind already. Further, he says, advanced negotiations to that end are already underway between Motorola and Dell.”
Full article here.
That’s what you get when you rest on your laurels and fail to innovate. Palm can tell Moto all about it. And, Dell? Puleeze. Let us sing you a little Ditty about that prospect.
May 10, 2007, Motorola Chairman (until May) and then-CEO Ed Zander said his company was ready for competition from Apple’s iPhone, due out the following month. “How do you deal with that?” Zander was asked at the Software 2007 conference Wednesday in Santa Clara, Calif. Zander quickly retorted, “How do they deal with us?” – IDG News Service
It took but one year for Zander to lose both his CEO and Chairman positions. Take a look at Motorola today, Ed. That’s how they dealt with you. Any more questions?
Jan,
Dynamic for some is chaotic for others. Risk isn’t something you want when your working career is coming to an end. The rewards for the ‘winners’ are usually at the expense of the ‘losers’. And those rewards seem to just keep on coming, while the ranks of the losers keep increasing.
Sorry if this sounds like some liberal, socialist rant.
“Let us sing you a little Ditty about that prospect.”
MDN, you owe me a new keyboard!
We are all doomed!!!!! Hi welcome to Home Depot Can I help you? Or sorry, it is my first day here. I was an engineer, but I can’t find a job because they all moved to China. Sorry I am a bit sleepy I worked the 3 rd shift cleaning toilets at the ball field so I can get some food.
I called my congressman one is on the left and the other is on the right, they both spit om me as they BOTH took money from the devil.
So, Palm is dying, Moto is dying, how is it possible if the smartphone market is growing by leaps and bounds? Doesn’t that float all boats? Must be a black hole sucking all the profitable customers into the iPhone fold. What a 12 months!
Dear SJ,
Kill ’em all, let God sort ’em out
mw: dark
LOL!
As if Dell has the available cash to buy Motorola!
Dell is in deeper shot than Motorola, if Dell buy them then that will be the final nail in Dell’s coffin.
Dell’s days are numbered which-ever way you look at it.