Motorola says separation on track

Jul 01, 2010

Motorola said Thursday it was on track to split into two separate companies next year, one focusing on handsets and the other on professional safety equipment.

Motorola, the biggest US cellphone maker, in a filing with the US Securities and Exchange Commission, said the separation into two publicly traded companies would take place as planned in the first quarter of 2011.

The mobile and home entertainment devices division will operate as Mobility, the Schaumburg, Illinois-based company said.

The other company, Motorola Solutions, will consist of its enterprise mobility solutions and networks businesses, which include two-way radios, mobile computers, secure public safety systems, scanners and wireless network infrastructure.

"Mobile Devices has made significant progress in 2010, and we are confident that the separation is the right strategy for Motorola, our stockholders, our customers, our partners and our employees," said Motorola co-chief executive Sanjay Jha.

Jha will serve as CEO of Motorola Mobility while Greg Brown, Motorola's other co-chief executive, will head Motorola Solutions.

Jha was hired by Motorola in 2008 to turn around and spin off its cellphone division from the rest of the company but the move was repeatedly delayed.

Motorola enjoyed success with its popular Razr phone launched in 2005 but has been losing ground since then to Apple and , maker of the Blackberry, as well as to other major cellphone manufacturers such as Nokia, Samsung and .

Motorola has been betting on Google's open-source Android mobile phone operating system to try to revive the company and has released a series of Android-powered "" smartphones.

Explore further: Uber office raided in southern China: report

Related Stories

Motorola posts profit, strong sales; stock jumps

Apr 29, 2010

(AP) -- Motorola Inc. posted an unexpected profit in the first quarter, as sales of its new phones outdid its own forecasts. It also gave an outlook that was brighter than Wall Street was predicting, and ...

Briefs: Motorola steps up China investments

Mar 16, 2006

Motorola will be investing in three new projects in China. The venture-capital arm of the mobile group, Motorola Ventures, will be investing in Shanghai NewMargin Venture Capital Enterprise, Shenzhen Shenxun Information Technology ...

Motorola, in need of hit, shows off Android phone

Sep 10, 2009

(AP) -- Struggling phone maker Motorola unveiled its first device using Google's Android system Thursday, banking on it to power features that will attract consumers looking to use their phones to connect ...

Recommended for you

Uber office raided in southern China: report

May 01, 2015

Taxi app Uber's office in the southern city of Guangzhou has been raided by authorities, a report said Friday, in an apparent crackdown on the Internet ride-sharing service.

Prime minister wants Japan to learn from Silicon Valley

May 01, 2015

Japan Prime Minister Shinzo Abe gave California's governor a hint of what it would be like inside a Japanese-made bullet train Thursday, displaying a train simulator for Gov. Jerry Brown during a meeting ...

Hungary latest EU country to probe Uber

Apr 30, 2015

Hungary on Thursday became the latest European Union country to launch a probe into Uber, the popular but controversial taxi app for mobile phones.

Tablet sales continue to slump

Apr 30, 2015

Figures released on Thursday by International Data Corporation showed that the global tablet market continued to slump in the recently ended quarter.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.