Motorola to Spin Off Handset Business - InformationWeek
IoT
IoT
Mobile
Commentary
3/26/2008
01:36 PM
Jake Widman
Jake Widman
Commentary
50%
50%
RELATED EVENTS
[Dark Reading Crash Course] Finding & Fixing Application Security Vulnerabilitie
Sep 14, 2017
Hear from a top applications security expert as he discusses key practices for scanning and securi ...Read More>>

Motorola to Spin Off Handset Business

CNET News, Associated Press via New York Times

Venerable mobile communications vendor Motorola announced that it will split into two separate companies, one devoted to mobile handsets and the second to other communications products.Motorola's cell phone division typically accounts for more than half the company's revenue, but in recent years its competitors have had the most popular phones. The company's global market share has fallen from 20 percent last year to 12 percent today, and it now trails both Nokia and Samsung in the market.

After the split, the Mobile Devices business will take over the handset and accessory side of things, while the Broadband and Mobility Solutions business will be in charge of both enterprise mobility products such as voice and data communications solutions and wireless broadband, and home and network products such as set-top boxes and modems. Chief Executive Greg Brown said that the separate businesses could be more focused on their own niches: "The creation of the two independent publicly traded companies provides improved management focus and a capital structure that's more tailored to the individual business needs. It will provide some improved alignment and agility and will help us going forward."

The division is expected to be completed during 2009, with shares in the mobile division being issued to existing shareholders.CNET News, Associated Press via New York Times

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of IT Report
In today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll