Motorola

The world's No. 3 handset maker, Motorola, is looking to Android handsets to help the company revive its mobile-phone unit.

In a bid to revive its struggling mobile-phone unit, Motorola is focusing on Android handsets and is reportedly prepping a social-networking smartphone based on Google's mobile operating system for release by June 2009.

Earlier this year, the U.S.-based company announced plans to separate its money-losing mobile devices division from the rest of the company, but said recently that the spilt will be delayed.

Although the world's No. 3 handset maker surprised Wall Street with a small profit and steady market share for the second quarter of 2008, Motorola was once again in the red when its revenue for the third quarter took a dive by some 15 percent to US$7.48 billion, and posted a net loss of US$397 million.

Headquartered in Schaumburg, Illinois, Motorola was founded in 1928 and employs some 66,000 workers globally. It is placed 200th in the 2008 Fortune Global 500 list.