Motorola to reorganize Home and Networks Unit
Posted on Mon, 28 Jul 2008 01:08:20 CDT | by Luigi Lugmayr
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PHILADELPHIA (Reuters) - Motorola Inc will create three businesses within its
home and networks mobility business to focus on the sectors' growth potential,
the cell phone maker said.
The home and networks mobility business, led by Dan Moloney, will now comprise
three businesses: broadband home solutions, broadband access solutions and
cellular networks, the company said.
The unit, which had revenue of $2.4 billion in the first quarter, supplies
equipment to telephone companies and cable television companies for voice, data
and video services.
The unit previously had been organized as a mixture of businesses, making cable
set-top boxes, modems, cable infrastructure and network gear to carry voice and
data signals, the Wall Street Journal newspaper said.
"This organizational change will ensure that home and networks mobility remains
agile, focused and ideally aligned to realize its growth potential," Motorola
said in a statement obtained by Reuters.
Motorola said it was "evolving the structure of its home and networks mobility
business to capitalize on the opportunities created by changes in the global
marketplace."
In March, Motorola said it would split into two publicly traded entities in
2009, separating its mobile phone unit from the rest of the business, which
makes television set-top boxes and network equipment.
(Reporting by Jessica Hall; Editing by Clarence Fernandez)
© Copyright 2008 Reuters.
Posted on Mon, 28 Jul 2008 01:08:20 CDT | by Luigi Lugmayr
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