Motorola announced plans to split into two independent, publicly-traded companies in 2009. The split would occur as follows:
The Mobile Devices business will continue to supply multi-mode, multi-band communications products and technologies. The business designs, manufactures and sells mobile handsets and accessories globally with integrated software solution. It also licenses a portfolio of intellectual property. Motorola is currently searching for a new CEO for this business.
The Broadband & Mobility Solutions business includes Motorola’s Enterprise Mobility, Government and Public Safety, and Home and Networks businesses. These businesses manufacture, design, integrate, and service voice and data communication solutions and wireless broadband networks for enterprises and government and public safety customers worldwide. These businesses also provide end-to-end digital and IP video solutions, cellular and high speed broadband network infrastructure, cable set-top receivers, and associated customer premise equipment for residential and commercial wireless network system access.http://www.motorola.com
- Earlier this month, Motorola announced the resignation of Stu Reed, president of its Mobile Devices business, effective immediately.
- On January 31, Motorola confirmed that it is exploring strategic alternatives for its Mobile Devices business. Motorola said at that time that its alternatives may include the separation of Mobile Devices from its other businesses in order to permit each business to grow and better serve its customers.
- Also in January, Motorola reported Q4 2007 sales of $9.65 billion and net earnings of $0.04 per share, which include $0.05 per share from continuing operations and a net loss of $0.01 per share from discontinued operations. The company said its Mobile Devices business remains challenged, with sales declining 38 percent versus prior-year quarter, while its Home & Networks Mobility and Enterprise Mobility Solutions business continued to deliver strong results.