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STATEMENT: Motorola to explore structural and strategic realignment of its businesses
Posted by Arne Hess - on Friday, 01.02.08 - 11:48:58 CET under 01 - General News - Viewed 7897x
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So far it was a rumor but now Motorola has published an official statement regarding plans to outsource its mobile phone business. After Motorola droped back to rank 3, Motorola yesterday announced it is exploring the structural and strategic realignment of its businesses to better equip its Mobile Devices business to recapture global market leadership and to enhance shareholder value. The company's alternatives may include the separation of Mobile Devices from its other businesses in order to permit each business to grow and better serve its customers.

"All of our businesses have exceptional people, products and intellectual property and the ability to achieve category leadership in their markets," said Greg Brown, President and Chief Executive Officer. "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."

The company does not intend to discuss developments with respect to the exploration of strategic alternatives unless or until its Board of Directors has approved a definitive transaction or the process is otherwise complete. There can be no assurance that any transaction will occur or, if one is undertaken, its terms or timing.

While Motorola is successfully leading the Windows Mobile Standard smartphone business - together with Samsung - Motorola constantly fails to follow-up the success of its RAZR mobile phone with its current line of mobile phones.

Cheers ~ Arne


 

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