Chicago is My Home

01
Feb

Motorola in Schaumburg, Ill. Considers Selling Off Cell Phone Unit

Author: Adam Fendelman, Category: Business, Technology

Motorola’s lagging phone sales and inability to keep up with consumer needs has led the company to announce that it’s considering selling off its cell phone unit.

While the company at one time dominated the industry, it recently has come under harsh investor scrutiny by Carl Icahn who has been calling for the breakup of Motorola. Icahn holds a 3 percent stake in Motorola. In the past year, Motorola’s cell phone division garnered a $1.2 billion loss and has had two key executives resign.

By Stephanie Huls