Motorola divided into two companies
Motorola have completed the division of its company into two separate companies. The company that focuses on smartphones will be called Motorola Mobility Holdings and its parent company will be called Motorola Solutions. Motorola Solutions will focus on providing innovative and pioneering communications products to governments, public safety and enterprise customers.
The reasons for separation is so that both Motorola Mobility and Motorola Solutions can become more flexible strategically and operationally, its management can focus on more specific tasks and areas, and also more targeted investment opportunities for potential investors.
Motorola Mobility
Motorola Mobility began operating today and it consists of the mobile devices and home business divisions from former company Motorola. Motorola mobile devices include Android and Defy phones. Motorola Mobility will focus mainly on opportunities that have risen from the coming together of mobility, media, computing and the internet. It began trading this morning under ‘MMI’. The Chief Executive Officer is Dr. Sanjay Jha.
Motorola Solutions
By being a lone entity, Motorola Solutions will be able to take a more focused approach to providing next-level communications products to governments, public safety and enterprise customers. Motorola Solutions began trading under ‘MSI’ this morning. The Chief Executive Officer and President is Greg Brown.
Stockholders of Motorola, as of the 21st December 2010, will receive a single share of Motorola Mobility for every eight shares of Motorola common stock they hold.