Wednesday, March 26, 2008
Motorola To Split In Two - Handheld and Services Company
Posted by Ed Hansberry in "Pocket PC News" @ 07:00 AM
Motorola, Inc. today announced that the Company's Board of Directors has commenced a process to create two independent, publicly-traded companies. Today's decision follows the Company's January 31, 2008 announced evaluation of the structural and strategic realignment of its businesses and represents affirmative steps to position its Mobile Devices and Broadband & Mobility Solutions businesses for success, while creating value for all Motorola shareholders.
Both the Mobile Devices company and the Broadband & Mobility Solutions company will be publicly traded. The Mobile Devices company will obviously focus on the devices while the Broadband & Mobility Solutions company will handle voice and data network solutions for governments, enterprises and consumers. The transaction is expected to be completed in 2009.
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