InformationWeek: With its second quarter financial results scheduled to be reported today, Motorola on Monday announced a restructuring of various units in its latest effort to find a formula for success. Motorola said it will split its Home & Networks Mobility group into three separate businesses.
The company, whose flagship handset unit has been losing market share at a rapid rate, has been rearranging its businesses to attract potential buyers.
Billionaire investor Carl Icahn, who has a substantial investment in Motorola, has been agitating for the communications company to sell some operations, because he and many investors believe the company will be worth more broken up than intact.
The company has been willing to consider offers for its handset operation, but to date there have been no takers for the unit, which has been overshadowed by Nokia and Samsung.