Motorola Divides Into Two CompaniesBy CIOinsight | Posted 01-04-2011
The former Motorola is now officially two companies. On Jan. 4, the Illinois-based business completed its planned separation into two publicly traded companies.
Motorola Solutions, trading under ticker symbol MSI, now offers solutions for enterprise mobility and vertical markets, including public safety and government, with data-capture products, WLAN solutions and integrated command and control communications. Motorola Mobility Holdings, now trading as MMI, will act as an umbrella company over a Mobile Devices business unit -- offering smartphones, tablets, etc. -- and Motorola Mobility, which leverages the capabilities of both the Mobile Devices and Home businesses.
"We are pleased that Motorola Mobility has reached this important milestone. After more than two years of planning, today we begin operating as a financially strong, independent company trading on the New York Stock Exchange," Sanjay Jha, chairman and CEO of Motorola Mobility, said in a statement. "We are well-positioned to build on the strong momentum we have in smartphones and end-to-end video solutions -- and to take advantage of opportunities resulting from the convergence of media, mobility, computing and the Internet.
For more, read the eWeek article: Motorola Completes Its Split Into Two Companies.