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Post by meodingu Tue Jan 25, 2011 1:47 am

Split

On March 26, 2008, Motorola's board of directors approved a split into two different publicly traded companies. This came after talk of selling the handset division to another corporation. These new companies would comprise the business units of the current Motorola Mobile Devices and Motorola Broadband & Mobility Solutions. Originally it was expected that this action would be approved by regulatory bodies and complete by mid-2009, but the split was indefinitely delayed due to company restructuring problems and the 2008-2009 extreme economic downturn.[25]

On February 11, 2010, Motorola announced its separation into two independent, publicly traded companies,[26] effective Q1 2011. The official spilt occurred at around 12:00 pm EST on January 4, 2011. The two new companies are called Motorola Mobility (NYSE: MMI; cell phone company) and Motorola Solutions (NYSE: MSI; Government and Enterprise Business).


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