Today, Motorola officially announced that the company will split in two, the new companies appearing in 2009. The Board of Directors has already began a process to create two independent, publicly-traded companies.
Greg Brown, Motorola’s president and chief executive officer, said: “Our decision to separate our Mobile Devices and Broadband & Mobility Solutions businesses follows a review process undertaken by our management team and Board of Directors, together with independent advisors”. Motorola also says that creating two independent companies will provide improved flexibility, more tailored capital structures, and increased management focus.
However, their priorities have not changed with today’s announcement; strongly believing in their brand and people, they will continue the process of improvement and will deliver the products that are needed by the consumers around the world. The Company also said that the separation and the formation of the two individual companies is expected in 2009.
For those of you who are less informed, here are some information on the Motorola Company. Motorola is known around the world for innovation in communications, developing technologies, products and services that make mobile experiences possible. Motorola is about communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. You should know as well that Motorola had sales of US $36.6 billion in 2007.
If you need more information, please visit Motorola’s official Web site: www.motorola.com
[tags]motorola, company, splits, two[/tags]