Following disappointing results throughout the whole year 2007, the lost marker share and the failure to recapture its positions with new handsets, Motorola announced plans to restructure its handset business and, perhaps, sell-off the whole division.
Motorola is now 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. 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,” said Greg Brown, president and chief executive officer.
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.