Motorola considers ditching cell phone biz

Company said Thursday that it's seeking alternatives that might include selling off its cell phone business.

Razr 2
Will Motorola's Razr 2 be one of the company's last cell phones? Motorola

Motorola, the third largest cell phone maker in the world, may spin off its handset business as it tries to turn around its business, the company said Thursday.

In a statement issued after the market closed, Motorola said that it was exploring "strategic alternatives" that might include a possible separation of its mobile-device business from its other business units.

"We are exploring ways in which our mobile-devices business can accelerate its recovery and retain and attract talent while enabling our shareholders to realize the value of this great franchise," said President and CEO Greg Brown.

The company said it will not discuss developments until the board has approved a transaction or until the process is otherwise completed.

Motorola has been in a downward spiral for several quarters as it has lost market share to rivals like Nokia and Samsung. The company ousted its CEO Ed Zander last year and earlier this month appointed Brown as its new CEO.

A more in-depth look at Motorola's decision to possibly spin off the handset division will be posted on CNET News.com shortly. So stay tuned. In the meantime, let us know what you think about the Motorola's possible move.

 

Join the discussion

Conversation powered by Livefyre

Show Comments Hide Comments
Latest Galleries from CNET
Apple in 2014: iPhone 6, iCloud hack, Beats and more (pictures)
10 mobile gadgets gone gonzo (pictures)
The 12 most distinctive phones of 2014 (pictures)
Best mobile games of 2014
Nissan gives new Murano bold style (pictures)
Top great space moments in 2014 (pictures)