Motorola Handsets Pining For The Fjords
Motorola has been losing handset market share and is now ranked third in the world. The two entities it plans to split into are Mobile Devices, and Broadband & Mobility Solutions. The latter consists of its network equipment, enterprise and public safety businesses.
It said the creation of two companies would improve flexibility, increase management focus and provide more targeted investment opportunities for shareholders.
Motorola Chief Executive Greg Brown said in a statement that the company has started a global search for a new CEO for the mobile devices business.
If you were in an overloaded lifeboat in the middle of the ocean, taking on water, and the captain looked at you funny and said he had an idea to improve flexibility, increase focus, and target resources towards a select share of remaining stakeholders, what he really means is you're going to get very wet very fast.