Motorola Slashes Retirement Benefits for Employees

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Motorola's biggest problem is that they just can't stay away from the consumer marketplaces. Remember Quasar TV? Iridium Phones? Coverage Plus? All failed attempts to make and sell directly to consumers. Cell Phone Handsets are also consumer products, and M will fail with those also.
The sooner that M sells or spins off the cell phones and starts to concentrate on the parts of the company that consistently make money, radio/wireless systems and technology development, the better it will be.
M makes great products and has many smart people but they really suck at market forecasting, especially consumer market development!
I will keep my M stock and perhaps buy a bit more if they get out of the cell phone business.

Palmer of TX 1:05PM December 18, 2008

Sure, but what have the retirees done for them lately?
Lesson: Take your money up front--not deferred for retirement because that money will be gone when you need it.

HillbillyBill of TN 9:15AM December 18, 2008

Sure, but what have the retirees done for them lately?
Lesson: Take your money up front--not deferred for retirement because that money will be gone when you need it.

HillbillyBill of TN 9:15AM December 18, 2008

I have always had a Motorola phone and will continue to use them as long as they have a phone that has the qualities I am looking for.
I regret that they had to cut the contributions to employees' retirement plans, but at least the ceos are not taking huge bonuses and raises as are some in other companies. That I admire and can live with.

neenie68 of TX 9:33PM December 17, 2008