Motorola Inc. (NYSE: MOT) just can't seem to find a sliver of good news to hang on to these days. The cellphone manufacturer based outside of Chicago saw its shares hit a five-year low this week as the outlook for its cellphone division continues to worsen. The company is in the midst of preparing to spin off the division to rid itself of that baggage. It's a sad state when that "baggage" is what defines Motorola. Motorola contract manufacturer FoxConn had some cautious words to say this week as well, which probably helped propel Motorola's shares downward to $7.61, a level not seen since May 2003. After losing $194 million in the first quarter alone, it's just bewildering to see how such a great company completely lost its way, financially speaking.
It's not getting any better. The company's product launches have been described as a "half-baked mess" and it can't seem to find a knack for the cellphone handset design that it made so famous years ago with the RAZR. Motorola certainly isn't a one-hit wonder, but in the brutal cellphone market you need a hit every year to stay at the top of your game. Korean giant Samsung Electronics passed Motorola by in 2007 to become the world's second-largest cellphone manufacturer by having a whole host of cellphone designs available to almost every wireless carrier in the world. That's just for starters, but for Motorola, it seems to be an impossible goal at the moment.
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