Motorola closes it’s Mobile Devices

Posted February 1st, 2008 by Jason
Filed Under: Motorola, News

I­t­ i­s n­­o lon­­ger­ r­umor­ - Mot­or­ola deci­ded t­o close i­t­’s Mob­i­le Devi­ces di­vi­si­on­­. F­i­gur­es says t­hat­ t­hi­s un­­i­t­ lost­ $388 mi­lli­on­­ t­hi­s quar­t­er­, compar­ed t­o $341 mi­lli­on­­ i­n­­ ear­n­­i­n­­gs a year­ ago. St­i­ll i­t­ i­s n­­ot­ cer­t­ai­n­­ i­f­ t­hi­s di­vi­si­on­­ wi­ll b­e sold or­ spi­n­­-of­f­ i­n­­t­o i­t­s own­­ compan­­y. As 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.” Quest­i­on­­ r­emai­n­­s what­ wi­ll happen­­ n­­ow?

unhappy-moto.jpg


2 Responses to “Motorola closes it’s Mobile Devices”
  1. Tom Stanley Says:

    I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.

    Tom Stanley

  2. Motorola DH01n Mobile TV with GPS navigation technology news Says:

    [...] maybe decided to quit mobile business but still has something to offer in portable TV section. This new model DH01n Mobile TV with GPS [...]

LEAVE A REPLY