Motorola NOT selling handset division?for now?

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As reported by Reuters, Motorola's CEO is personally taking over the perennially awful handset unit...

NEW YORK, Feb 3 (Reuters) - Motorola Inc (MOT.N: Quote, Profile, Research) said its Chief Executive Greg Brown was taking direct control of the company's loss-making handset business, replacing Stu Reed, in a move aimed at helping speed up the unit's recovery.

Motorola announced the decision to employees in an internal memo sent on Friday, a day after it announced that it was considering options including a split-off of its mobile unit, which has been losing market share to rivals such as Nokia (NOK1V.HE: Quote, Profile, Research) and Samsung Electronics (005930.KS: Quote, Profile, Research).

Reed, who took over as head of the mobile phone unit last Summer, will stay at Motorola and work closely with Brown, spokeswoman Jennifer Erickson said on Sunday.

Motorola has been criticized for a weak phone line-up and failing to come up with a strong successor to its Razr phone.

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