Motorola splits business into three parts
Motorola is dividing up its home and networks division as a possible precursor to selling off parts of the business.
The company will post its quarterly results on Thursday and update markets on plans to improve profitability. This could include selling the handset division, which has struggled in recent quarters.
The home and networks and mobility division are to be split into three parts. First there will be a set-top box, digital video and modem business. Traditional wireless network equipment - aimed at operators - will make up the second part.
The third section will deal with next-generation network products like WiMax which are still producing relatively little revenue, Reuters reports.
The business makes a profit, on turnover of $2.4bn, unlike Moto's struggling handset division.
The company began splitting itself in two in March and will issue new shares to reflect the change in 2009. ®
Motorola is only good at one thing..still!
Motorola started off doing 2 way radios, got a very good reputation, a reputation they still have since the 50's in this sector. However every time they try to move outside of it due to the closed HR inspired skull fuck of a process they have, they fuck it up spectacularly, think guy fawkes on steroids with the worlds nuclear arsenal at this disposal as he takes speed by the bucket load! Thats what Motorola do.
They fucked up their paging business, brought in two way paging, then decided not to go ahead with it as a cheap alternative to mobile sms. Then their was irridium, fantastic product, clear market segment, good product, good technology and then the board of motorola got their hands on it..and its smashing into the ocean.
What else, oh six sigma, from when motorola had a bad patch in the 70s with radio quality and customers giving them the fingers up over it. they designed it, made it work in house, let their people take it outside, and then completely fucked it up in house so much that if you go into motorola to talk 6 sigma now, no one has a clue, its like Christianity and the Mormons, the Mormons are almost like Christians only they believe wholeheartedly that God left another book of the bible for some moron to sit on and generate a worldwide revenue to keep him and his higher echelon rich forever.
Motorola Silicon technology..gone! so much for digital DNA.
In short only shares even worth thinking about are in the radio section, whichever "business" unit that ends up being in.
Lets hope someone on the board is using their brain and not sitting on it this time.
as we used to say in motorola
"motorola, the best reason in the world to drink beer"
I hope the stock goes up and not tank. I caughed enough dough in payroll shares. It's gone up and down like a yoyo. Meanwhile still no results in the settlement to the lawsuit from a year or so ago....
All Gaul is divided into three parts.