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 [...]

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