Motorola to Split in Half

posted Mar 26, 2008, 8:02 AM   by Eric M. Zeman
updated Mar 26, 2008, 8:10 AM

Updated: typos

This morning Motorola announced that the company plans to divide into two separate companies, each of which will still be publicly traded. One entity will be the Mobile Devices portion of Motorola, and the second witll be the Broadband & Mobility Solutions portion. The former consists of its mobile phone business and the latter of the two supplies networking equipment and enterprise-grade handheld devices. The company is planning this move in an effort to regain lost shareholder value and stem unsatisfied shareholders from waging battles against the beleaguered company. It also hopes that by dividing the company, each company will be able to better focus on their core businesses. Motorola is conducting a world-wide search for a new CEO to run the Mobile Devices business. Motorola said that the plan still needs approval, and will be subject to analysis before completed. No time frame for the split was given.

more info at Reuters »

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