Motorola's battered stock soared 10.3 percent Friday after the company signaled it may get out of its trademark mobile phone business. As the world's No. 3 mobile phone maker, Motorola said it is also exploring strategic alternatives including a possible separation of its mobile devices business from other units.
The company said it was looking at a "structural and strategic realignment of its businesses to better equip its mobile devices business to recapture global market leadership and to enhance shareholder value."
Analysts said Motorola could get at least $5 billion for the troubled unit. But they cautioned that a sale, spinoff or joint venture won't alter the unit's severe challenges and said the lack of promising products in the pipeline may be a deterrent to any buyer.
more..
No comments:
Post a Comment