Motorolas SpinOff of Its Cell Phone Business Kathryn Harrigan
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When Motorola spun off its cellular business from the company that invented the iPhone in 1998, many people were stunned. The company that started out as Nokia and then sold itself to the Chinese for a mere $2 billion was no longer an iPhone-maker. Motorola’s iPhone was only the second-largest smartphone company worldwide, behind Samsung, and the company has been struggling ever since. Motorola’s sales have been dwindling steadily since 2008, when it sold
SWOT Analysis
Kathryn Harrigan, a writer from NYU, came up with the idea to spin off the entire Cell Phone business of Motorola Mobility (MOT) from its legacy businesses to help the company break free from its traditional stodgy hold and become a more agile and innovative player. The spin-off was seen as a game changer by many in the technology industry, and it had an immediate and significant impact on Motorolas stock prices, boosting the shares by over 20% in the first two weeks. At first, I
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Motorola has agreed to sell most of its mobile phone business to SoftBank for $1.6 billion (50 billion rubles), according to the company’s press release. Senior Motorola executives are to be replaced with executives from SoftBank and Motorola has agreed to issue 180 million shares to the Japanese conglomerate to fund the transaction. The deal gives SoftBank a majority ownership stake in the cell phone business of the worlds second largest phone manufacturer. In
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The global auto market has declined. BMW and Mercedes-Benz have struggled to compete against cheaper models from Toyota and Honda. Some analysts forecast that the industry as a whole may shrink for the year. The reason: China has surpassed Japan as the largest market for autos. That means that Japan’s top-selling brand, Toyota, is losing ground, and it could further shrink in 2015. What is Motorola and why is it spinning off its cell phone business? Motorola
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Motorolas SpinOff of Its Cell Phone Business Motorolas SpinOff of Its Cell Phone Business “Kathryn Harrigan, who will be a new CEO at Motorola, said on Wednesday that Motorola is planning to spin off its cell phone business into a separate company that it expects to list on the New York Stock Exchange in the second half of 2007. see this Harrigan spoke with reporters in the auditorium before she headed for an appearance at a high school in Washington. Harrigan took over as
Problem Statement of the Case Study
Motorola recently announced the sale of its mobile phone division (Motorola Mobility) to Lenovo (Hewlett-Packard) for $2.91 billion in cash. The divestiture is the first major revenue stream of the company’s spinoff as a separate entity, Motorola Mobility Holdings, Inc. The divestiture comes at a time when the company is under intense pressure due to the declining global smartphone market, a declining consumer spending trend, a slowdown in growth in
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“Motorola is spun off from its mobile phone business to create Motorola Mobility, one of the largest manufacturers of smartphones in the world. The spin-off was completed on August 18, 2011, and the new company is now focused on its other activities: providing telecommunications equipment, enterprise mobility solutions, and services to enterprises and consumers. It will continue to operate out of its headquarters in Schaumburg, Illinois. The spin-off was created to bring greater financial and operational effic
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