Filed under: Bad news, Products and services, Motorola (MOT)

It’s really sad that a wireless giant like Motorola, Inc. (NYSE: MOT), who invented the radio technology used heavily in World War II and helped invent the consumer cellular business more than 20 years ago, could have fallen into such disrepair. It’s so bad that it may be a hard search to find a company to buy the handset maker’s faltering handset division. LG Electronics’ spokesperson Joh Joong Kwon even said “We are not interested in buying Motorola’s handset business … we believe it is better for us to focus on our resources to grow on our own.”

Remember, this is the part of Motorola responsible for trend-setting hits like the StarTac and the RAZR. It’s hard to imagine how a seasoned leader like former CEO Ed Zander (mis)managed to completely fail in his attempt to keep the cellphone giant at the top of its game. After quarters of huge losses and a product portfolio that spent all of 2007 losing market share, Motorola’s just not near what it used to be. And, buyers are not coming out of the woodwork looking to buy its cellphone business.

Continue reading Motorola’s troubles in finding a buyer for handset division

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This entry was posted on Saturday, February 9th, 2008 at 3:14 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.