Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Motorola Left Holding Troubled Handset Unit

With no buyer in sight for wireless equipment division, company may look to self-reform

By Laila Weir, Newser User

Posted Feb 25, 2008 12:07 PM CST

(Newser) – It’s looking increasingly important for Motorola to shore up its troubled handset unit itself, as no buyers have materialized in the near-month since the company said it was exploring options for the business, reports BusinessWeek. Fixing the problematic division would make it easier to... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

There are no comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

Cops Shoot Naked Guy Eating Man's Face on Highway

Japanese Artist Serves Up Own Cooked Genitals

BusinessWeek (Source Grid »)

Oppenheimer downgrades Motorola on likelihood of retaining handset unit
Reuters

Technology • Money

Motorola • cell phone industry • handsets • corporate sales • corporate leadership

More Newser Stories

EU to Get Universal Phone Chargers by 2010

Plan expected to reduce electronic waste, make life simpler for consumers

(NEWSER) - Cell phone makers have agreed to introduce a one-size-fits-all charger in the European Union within the next six months, CNN reports. The deal is expected to reduce the tens of thousands of tons of chargers thrown away every year, and should hasten the introduction of a universal charger for the rest of the world. More»

Slumping Razr Sales Slash Moto Earnings

Motorola posts larger-than-expected $194M loss

(NEWSER) - Apple and Nokia chewed away at Motorola’s cellphone market share, pushing the troubled handset maker to a larger first-quarter loss than expected, Bloomberg reports. Moto lost $194 million, or 9 cents a share, and revenues fell 21% to $7.45 billion. The company also issued a bleak forecast for Q2 as handset shipments plunged 40%. Moto plans to spin off its handset unit this year. More»

Moto Slashes Workforce

Cell phone maker cuts more jobs as it readies spin off; takes $104M loss

(NEWSER) - Troubled cell phone maker Motorola is laying off another 2,600 workers and will take a first quarter pretax charge of some $104 million to cover severance costs, reports the AP. Moto has cut its workforce by more than 10,000 workers since January 2007, as the company's . mobile phone business has crashed. More»

Cell Phones Worse Than Smoking, Study Says

Neurosurgeon warns that handsets double brain tumor risk

(NEWSER) - Cell phones may cause more deaths than smoking or asbestos, warns a new study in which an Australian neurosurgeon found that a decade of cell use can double brain tumor risk—an effect that he says will show in coming years. "We are currently experiencing a reactively unchecked and dangerous situation," Vini Khurana said. More»

Icahn Ups Ante in Motorola Battle

Billionaire investor sues for board documents in proxy fight

(NEWSER) - Billionaire Carl Icahn is turning up the heat on Motorola in his battle for more control, filing a lawsuit for access to board documents. The move follows his rejection of the company’s offer of two board seats—instead of the four he's seeking—and calling its refusal to seat one of his board candidates “intolerable and reprehensible,” reports the Wall Street Journal. Icahn is waging a proxy battle for the seats prior to Motorola’s May 5 shareholder meeting. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Motorola Left Holding Troubled Handset Unit

With no buyer in sight for wireless equipment division, company may look to self-reform

Motorola • cell phone industry • handsets • corporate sales • corporate leadership

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

EU to Get Universal Phone Chargers by 2010

Plan expected to reduce electronic waste, make life simpler for consumers

Slumping Razr Sales Slash Moto Earnings

Motorola posts larger-than-expected $194M loss

Moto Slashes Workforce

Cell phone maker cuts more jobs as it readies spin off; takes $104M loss

Cell Phones Worse Than Smoking, Study Says

Neurosurgeon warns that handsets double brain tumor risk

Icahn Ups Ante in Motorola Battle

Billionaire investor sues for board documents in proxy fight

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?