[RVRC] Fw: It looks like an end at Motorola 'wireless business'

Marvin Bronstein marvbrons at verizon.net
Sun Dec 13 12:30:26 EST 2009



Sometimes it can be so hard to say goodbye.

Here, 24/7 Wall Street rounds up the troubled brands.
First Up: Say Goodbye to ... 

Next: Motorola 
More From 24/7 Wall St.:
Motorola
The time has come for the company to break itself into pieces and allow buyers to scuttle a brand with a bad reputation. The firm has said it will seek a buyer for its cable and wireless equipment companies for a $4.5 billion price tag. Motorola has a market cap of $19 billion. Motorola has long-term debt of $3.9 billion and cash of about $3 billion. Out of three divisions, the one that has created most of the company's value until recently is its mobile devices operation. The revenue from that division fell by almost half in the last quarter from $3.1 billion to $1.7 billion. But the future for the division is brighter, primarily due to its new Droid phone which has sold remarkably well and is being heavily promoted by Verizon Wireless. Industry experts expect that one million of the handsets have been sold in the last month. The value of the Droid is not the Motorola brand but the brand of the Google Android operating system that runs it. The most likely buyer is Nokia, they aren't interested in the Motorola brand, but they could use a successful Android handset.



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