Motorola Might Sell Government IT Unit
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Reuters
Motorola Inc., which last month reported its first quarterly operating loss in 15 years, said it is considering selling its Integrated Information Systems Group, a government communication and information technology business.
The world’s second-largest mobile phone maker already has cut costs aggressively this year, slashing 22,000 jobs.
Analysts say the possible sale of Scottsdale, Ariz.-based IISG was a reassuring sign that Motorola was getting serious about turning itself around. Motorola closed off 79 cents at $14.96 on the New York Stock Exchange.