Motorola Inc. (NYSE: MOT) has been in deep trouble for a while now. For some untold reason, the company placed almost all its growth bets on its wireless division but has not produced a hit handset in years. Nokia Corp. (NYSE: NOK) and Samsung Electronics have been producing and selling all kinds of cutting-edge wireless handsets to carriers all over the world. What has Motorola been up to?
It's still producing handsets, but so many of the designs and marketing strategies have been commodities lately. Meanwhile, Apple Inc. (NASDAQ: AAPL) has taken the mobile crown with the iPhone, and even Palm Inc. (NASDAQ: PALM) has risen from the dead with the new Palm Pre. Motorola was in such bad shape financially that it even suspended the spinoff of its mobile unit last year.
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