Motorola, Inc. (NYSE: MOT) is an American, multinational, Fortune 100,[5] telecommunications company based in Schaumburg, Illinois. It is a manufacturer of wireless telephone handsets, and also designs and sells wireless network infrastructure equipment such as cellular transmission base stations and signal amplifiers. Motorola's home and broadcast network products include set-top boxes, digital video recorders, and network equipment used to enable video broadcasting, computer telephony, and high-definition television. Its business and government customers consist mainly of wireless voice and broadband systems used to build private networks and public safety communications systems like Astro and Dimetra.
Motorola creates numerous products for use of the government, public safety officials, business installments, and the general public. These products include cell phones, laptops, computer processors, and radio communication devices. The Motorola RAZR line has sold over 120 million units bringing the company to the number two mobile phone slot in 2005.
Motorola's handset division recorded a loss of $1.2 billion in the fourth quarter of 2007, while the company as a whole earned $100 million during that quarter.[10] It lost several key executives to rivals[11] and the web site TrustedReviews has called the company's products repetitive and uninnovative.[12] Motorola laid off 3,500 workers in January 2008[13], followed by a further 4,000 job cuts in June[14] and another 20% cut of its research division a few days later.[15] In July 2008, a large number of executives left Motorola to work on Apple Inc.'s iPhone.[16] The company's handset division was also put on offer for sale.[17] In July 2008, analyst Mark McKechnie from American Technology Research said that Motorola "would be lucky to fetch $500 million" for selling its handset business and analyst Richard Windsor said that Motorola might have to pay someone to take the division off the company and that the company may even exit the handset market altogether.[18] Its global market share has been on the decline; from 18.4% of the market in 2007, it had a share of just 6.0% by Q1 2009.
Further declines in business during 2000 and 2001, caused Motorola to spin off its government and defense business to General Dynamics. The business deal closed September 2001. Thus GD Decision Systems was formed (and later merged with General Dynamics C4 Systems) from Motorola's Integrated Information Systems Group.
Motorola creates numerous products for use of the government, public safety officials, business installments, and the general public. These products include cell phones, laptops, computer processors, and radio communication devices. The Motorola RAZR line has sold over 120 million units bringing the company to the number two mobile phone slot in 2005.
Motorola's handset division recorded a loss of $1.2 billion in the fourth quarter of 2007, while the company as a whole earned $100 million during that quarter.[10] It lost several key executives to rivals[11] and the web site TrustedReviews has called the company's products repetitive and uninnovative.[12] Motorola laid off 3,500 workers in January 2008[13], followed by a further 4,000 job cuts in June[14] and another 20% cut of its research division a few days later.[15] In July 2008, a large number of executives left Motorola to work on Apple Inc.'s iPhone.[16] The company's handset division was also put on offer for sale.[17] In July 2008, analyst Mark McKechnie from American Technology Research said that Motorola "would be lucky to fetch $500 million" for selling its handset business and analyst Richard Windsor said that Motorola might have to pay someone to take the division off the company and that the company may even exit the handset market altogether.[18] Its global market share has been on the decline; from 18.4% of the market in 2007, it had a share of just 6.0% by Q1 2009.
Further declines in business during 2000 and 2001, caused Motorola to spin off its government and defense business to General Dynamics. The business deal closed September 2001. Thus GD Decision Systems was formed (and later merged with General Dynamics C4 Systems) from Motorola's Integrated Information Systems Group.
No comments:
Post a Comment