Motorola considers breakup |
| Chicago Tribune - Feb 1, 2008 |
Motorola Inc., which created and dominated the worldwide cell phone market, on Thursday announced it may shed that iconic business amid a breathtaking decline in sales and mounting losses in the past year.
The move by one of Chicago's landmark companies is an admission by Motorola of its inability to keep pace with fast-shifting consumer tastes. What was once one of the company's key strategic assets is now a weakness: its ability to rapidly develop breakthrough technology that anticipated users' needs.
Twice in the last five years, Motorola chief executives have lost their jobs after failing to keep pace with the lightning-quick changes in consumer demand. Thursday's announcement by the Schaumburg-based firm signals that new Chief Executive Greg Brown is determined not to become the third.
Read Full Article from Chicago Tribune
- Posted: 2008-02-01 09:28:47
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