Linked by Eugenia Loli-Queru on Wed 26th Mar 2008 22:02 UTC
Motorola split into two groups today in order to save their falling mobile business, but the real kicker is an insider's email that Engadget published. It has it all, from suicides to golf scores and how all that brought a giant down. Good afternoon reading, albeit sad. Update: My personal rant/editorial on the situation, describing the failure of Motorola to understand the importance of their EZX Linux-based phones and how this drove their business down.
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Member since:
2005-07-06
There is a somewhat major investor who was suing over this :
http://www.forbes.com/markets/emergingmarkets/2008/03/24/icahn-moto...
"Carl Icahn wants to see some new faces on Motorola's board and also wants the company's hand-held division to be spun-off. He's not just nicely asking Motorola to cooperate, he's suing the company for documents he thinks might help his case and going on television to get more investors and spectators behind him."
The problem this days is Management can be clueless but corporate raider are in it for short time buck and split company , it's a recipe for disaster. You need Millions if not Billion to offset those legal problems.
With all the current problems , it must have been considered the lesser of two evil.