Motorola announced that the company’s board of directors has commenced a process to create two independent companies. As a result of the split one company will focus on making handsets and supporting technologies for end-users and the other will concentrate on solutions for businesses and public services.
The decisions follows the company’s long-time intention to spin-off money-losing mobile phone business into separate company.
Motorola expects that the separation of its businesses would take place in 2009. The company noted that there can be no assurance that any separation transaction will ultimately occur or, if one does occur, its terms or timing.
The decisions follows the company’s long-time intention to spin-off money-losing mobile phone business into separate company.
Motorola expects that the separation of its businesses would take place in 2009. The company noted that there can be no assurance that any separation transaction will ultimately occur or, if one does occur, its terms or timing.
