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Motorola's Cellphone Unit Will Get More in Divorce

Jun 17, 2010, 6:51 PM by Philip Berne

When Motorola splits off its cellphone business from the rest of the company, it will augment that company with billions of dollars from its remaining cash reserves. According to the Wall Street Journal, the company will buy back debt and give the majority of its cash on hand to the cellphone unit. The cellphone company will also try to shake free of its pension liabilities and other obligations. The split is expected to occur next year.

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Comments

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Versed

Jun 18, 2010, 10:45 AM

Nice but?

Nice phone but a tad expensive seeing you can get an N1 for $30 more with free overnight shipping. And while the Legend is a nice phone, its not near as good as the N1.

Versed

My bad, wrong new item. Please excuse my mistake.

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