Home › News ›

Motorola Earmarks $3.5 Billion for Handset Unit Spinoff

Article Comments

Aug 31, 2010, 5:18 PM by Eric M. Zeman

Motorola has said that it will set aside $3.5 billion for the handset and set-top box unit that it plans to spin off during the first quarter of 2011. Motorola will split its remaining businesses into two entities, with the phone and cable box business forming one, and its enterprise computing business forming the other. Motorola wants the freshly created mobile unit to have the best chance for success possible, so it will part ways with a $3.5 billion cash infusion earmarked for operations and acquisitions. Motorola's legacy business will assume all the existing debt and pension costs moving forward. Motorola has banked its mobile business' future success on Google's Android platform, and so far appears to be making a turn-around.

BusinessWeek »

Related

Samsung Refreshes Galaxy S Series with S Pen, New Cameras

Feb 9, 2022
Samsung today announced its lineup of flagship phones for 2022: the Galaxy S22 series. The top-end S22 Ultra sees the biggest changes as it essentially absorbs Samsung's Note series with an integrated S Pen stylus and a more Note-like shape and design, instead of the Contour Cut design of the other models.

Samsung Refines its Foldable Phones

Aug 10, 2022
Samsung has announced its newest generation of foldable phones: the Galaxy Z Fold4 and Galaxy Z Flip4. Both have similar designs and features compared to their predecessors, with a slew of small updates and refinements across the board.

iPhone 14 Plus Offers a Big Screen For Less

Sep 7, 2022
Apple has revealed the iPhone 14 series, with new features, improved specs, and new size options. In place of a Mini option, the iPhone 14 will come in the same 6.1-inch and 6.7-inch screen size options as the Pro models.

Snapdragon 8 Gen 2 Redefines AI in Flagship Phones

Nov 15, 2022
Qualcomm has announced its newest top-end chip, intended to power most flagship-level Android phones in 2023. As expected, the Snapdragon 8 Gen 2 is more powerful and power-efficient across the board (compared to Gen 1), but the most impressive improvements and new features involve AI.

iPhone 15 Series Goes All-In on USB-C and Dynamic Island

Sep 12, 2023
Apple has revealed the iPhone 15 series, which moves to a USB-C connector and brings several key features from last year's Pro models to the more-affordable standard models. These include the pill-shaped sensor cutout in the display that Apple calls Dynamic Island, a brighter display that can reach 2000 nits, a 48 megapixel main camera, and the A16 Bionic processor chip.

Comments

This forum is closed.

This forum is closed.

No messages

Page 1 of 1