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Motorola Confirms Plans To Break In Two

Feb 11, 2010, 4:15 PM by Eric M. Zeman

Today Motorola officially said that it plans to split the organization into two separate businesses by the end of the first quarter of 2011. One business will include Motorola’s mobile devices and home (cable boxes) businesses, and the other will include its enterprise mobility solutions and networks businesses. In a prepared statement, Motorola explained, "Motorola intends to effect the separation through a tax-free stock dividend of shares in the new company to Motorola shareholders. Following the separation both businesses will be well capitalized so the companies can execute their respective business plans and be able to address future opportunities. The proposed tax-free spin-off is expected to be accomplished through a pro rata distribution to Motorola shareholders." Both companies will retain the Motorola brand. The separation will be subject to regulatory terms and conditions.

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Comments

This forum is closed.

This forum is closed.

techalum99

Feb 12, 2010, 1:45 PM

One Big Turd

Split into two = two little turds. RIP Moto.

evrodude

You are so wrong, not to mention rude!

...

Jayshmay

Feb 11, 2010, 5:58 PM

Well at least. . .

Well at least the Motorola brand will live on! Motorola is right up there with IBM & Qualcomm as among the most important tech companies in the U.S.

cellgeek82

Yeah if they lost the Motorola brand name I'd just quit! Motorola has been around for so long it would send a ripple throughout the wireless industry if they lost their name. Current Motorola devices would spike in value. I've always liked their pr...
(continues)

...

bluecoyote

Motorola is honestly more of a shell company now. Ed Zander pretty much gutted the company (especially the handset division.)

island-guy

Feb 11, 2010, 6:31 PM

Tax free in this administration?! LMAO

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