Motorola: Shopping Wireless And Set-Top Box Units?
Is Motorola (MOT) planning to hold a fire sale?
Oppenheimer analyst Ittai Kidron observes in a research note that the company continues to plan the spin-off of its crumbling handset business sometime next year. But he says checks suggest the company is in the middle of strategic planning process that could lead to other asset sales as well over the next 12 months.
In particular, he thinks the company is considering narrowing its focus to the government and enterprise markets, and gradually transitioning its carrier and cable businesses. He says the company is “in advanced discussions” with Huawei on a sale of all or parts of its wireless infrastructure business, and that it is also reviewing the possible sale of its set-top box business.