24/7 Wall St.
07-28-2008, 06:44 AM
24/7 Wall St. Daily News
Management at Motorola (MOT) is in the midst of an ugly capitulation. It now as much as admits that it cannot run the company with any success, even though it is spinning off the albatross of its handset unit. At one point, Motorola has 22% of the global cell phone industry. On a good day that is now 10%. The operation, the company's largest, is losing over $1 billion a year and its revenue is falling at a rate of about 30%. The company has decided to follow dumping handsets with a reorganization of its second largest division. http://feeds.feedburner.com/~f/typepad/RyNm?i=RhMWtJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=RhMWtJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=tKhNeJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=tKhNeJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=b5EBFj</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=b5EBFj)
complete story here... (http://www.247wallst.com/2008/07/motorola-mot-a.html)
Management at Motorola (MOT) is in the midst of an ugly capitulation. It now as much as admits that it cannot run the company with any success, even though it is spinning off the albatross of its handset unit. At one point, Motorola has 22% of the global cell phone industry. On a good day that is now 10%. The operation, the company's largest, is losing over $1 billion a year and its revenue is falling at a rate of about 30%. The company has decided to follow dumping handsets with a reorganization of its second largest division. http://feeds.feedburner.com/~f/typepad/RyNm?i=RhMWtJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=RhMWtJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=tKhNeJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=tKhNeJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=b5EBFj</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=b5EBFj)
complete story here... (http://www.247wallst.com/2008/07/motorola-mot-a.html)