$8.03
-0.21 (-2.55%)
Motorola, Inc. (MOT)
CAPS Rating:
The Company builds, markets and sells products, services and applications that make simple and seamless connections to people, information and entertainment possible through broadband, embedded systems and wireless networks.
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This is a company that has been on a downhill slide since the early 90's (about the time Bob Galvin began to reduce his involvement). In 1990 they were a powerhouse in both semiconductors and cell phones. The combination should have made them enormously successful in the 90's and early 00's, but they have underperformed routinely. By 2000, Chris Galvin (Bob's mentally challenged son) had institutionalized style over substance. He installed a corporate-wide employee evaluation criteria that placed emphasis on agreeing with management. The evaluation consisted of only 1 (out of 17) criteria based on performance. This kind of environment purged many talented people from the company, encouraged those who stayed to only provide positive feedback to management, and eliminated the chance that useful information about problems would be acted on until it was too late. The results have been devastating.Now, the company struggles to try to make changes required to be competitive.
Wow, Having worked their I know that to be true. I know that the company will have a slow ride to the top because of this. Chris Galvin I believe lost the competative drive. Motorola should be making phones like the IPhone. But They got burnt on the smallest phone deal (analog), when others were making digital phones. Good products come from happy cows. They will have a slow ride back to the top, but it will be an upward trend from a max low of 4.80.
Yes, Galvin has no clue how to run MOT.While he and the BOD were sitting around getting paid for nothing,with their thumbs in their butts, a small papermill in Finland was eating their breakfast, lunch and dinner.http://www.nokia.com/A4303001