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Wednesday, December 1, 2010

Motorola to split on 4th January 2011

MotorolaThe long-awaited split of Motorola has finally been approved by the company’s board of directors. Motorola Mobility Holdings – the ‘mobile’ part of Motorola’s business – will separate from the rest of Motorola before the US stock market opens on 4th January 2011. The remaining part of Motorola will then change its name to Motorola Solutions.

Greg Brown, Motorola co-CEO and CEO of Motorola Solutions, and Sanjay Jha, Motorola co-CEO and CEO of Motorola Mobility, issued a joint statement saying “Today's announcement marks another important milestone toward the upcoming separation that is expected to benefit Motorola, its stockholders, as well as each company's respective customers and employees. We look forward to taking advantage of the opportunities before us as we begin the new year as two independent, publicly traded companies.”

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Author: The Fonecast
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Categories: Handsets and manufacturers, NewsNumber of views: 273

Tags: motorola

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