Motorola announced amongst many other things that it would split into two public traded companies.
Whether or not this move will help revamp the mobile phone unit is to be seen.
Based on current plans, the creation of the two stand-alone businesses is expected to take the form of a tax-free distribution to Motorola’s shareholders.
The two new Motorola companies would look like this:
The Mobile Devices business is an industry leader in multi-mode, multi-band communications products and technologies. The business designs, manufactures and sells mobile handsets and accessories globally with integrated software solutions that incorporate the latest personal communications technologies. It also licenses a portfolio of intellectual property.
Broadband & Mobility Solutions
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 Internet Protocol (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.
I am sure Motorola will come up with nifty names for the new Motorola businesses. How about MBL DVCS and BRDBND & MBLTY SLTNS.
Via this Motorala press-release.