Analyst: Motorola Will Be "Lucky" to Get $500 Million
Holy cow, that’s gotta hurt. As Engadget reports, some analysts are saying that with spin-off plans looking less and less likely, Motorola may revert back to its original idea: sell the handset division outright.
However, Envisioneering Group’s Richard Doherty says that at this point, the division “would be lucky to fetch $500 million.” As BusinessWeek pointed out separately, that very same analyst valued the business at $8 billion only one year ago. Meanwhile, the report said that Nomura analyst Richard Windsor even went further, saying that Motorola “might actually have to pay someone to take the division off its hands.”
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