Motorola eyes breakup of company to gain telecom 'leadership'

0 Comments | AFP, January, 2008

CHICAGO (AFP) — Motorola said Thursday it is studying a possible breakup of the company in an effort "to recapture global market leadership" in the mobile phone market, and to enhance shareholder value.

The struggling company based in Schaumburg, Illinois, said it is "exploring the structural and strategic realignment of its businesses."

This may include the separation of its Mobile Devices division from its other businesses "in order to permit each business to grow and better serve its customers," the company said in a statement.

Motorola, once the world's second-largest mobile phone maker, after Nokia Corp. of Finland, has since lost its place to South Korean rival Samsung Electronics Corp. amid fierce global competition and watched earnings slide.

...