Motorola outlines break-up plans, renames companies
06 Jul 2010
The once undisputed technology leader Motorola has detailed plans of breaking up the company into two separate entities, in a filing of its initial break-up plans with the Securities and Exchange Commission (SEC) that include changing names of the newly-formed publicly-traded entities.
Late last week, Motorola established a new wholly-owned subsidiary, Motorola SpinCo Holdings Corporation, which filed Form 10 with the SEC, to separate Motorola Inc into two publicly traded entities by the first quarter of 2011.
Motorola Inc will be split into two companies - the new entity to be called Motorola Mobility and the current company being renamed renamed Motorola Solutions, which will retain the enterprise and carrier infrastructure businesses.
Motorola Mobility will comprise mobile devices and cable set-top box businesses, which will be headed by Dr Sanjay Jha, the current co-CEO of Motorola and the CEO of its mobile devices and home businesses.
Jha will overlook a comprehensive portfolio of mobile converged devices, digital entertainment devices in the home, and end-to-end video, voice and data solutions.
The new Motorola Solutions will consist of the company's current enterprise mobility solutions and networks units, which will be run by Greg Brown, the current co-CEO of Motorola and CEO of the current divisions.
Motorola Solutions comprises end-to-end portfolio of products and solutions, including rugged two-way radios, mobile computers, secure public safety systems, scanning, RFID, and wireless network infrastructure.
