Motorola splits into two companies

Motorola splits into two companies
Wave goodbye to Motorola and its established New York Stock Exchange ticker symbol MOT. Starting today the company is officially separated into Motorola Mobility Holdings Inc (trading as MMI) and Motorola Solutions Inc (trading as MSI).

Motorola Mobility, run by Sanjay Jha, will handle the company's phone and accompanying accessories business. There was talk about splitting the company long before and the separation was expected as early as 2009, but the onset of the financial crisis delayed the move. As we reported, the final decision was taken on November 30th, 2010.

The Wall Street Journal estimated Motorola Mobility's value at $9 billion, while Motorola Solutions is estimated at $12.8 billion. The evaluation is based on two reverse stock splits and the shares' price in preliminary trading.

Throughout last year, the company enjoyed a 16.9 per cent growth in share value on the background of strong sales of its DROID lineup amongst other products. One of the main advantages of having the company split in two is better flexibility in the dynamic mobile market. What will the company bring this year? CES is one venue, where Motorola might set the tone for its Olympic ambitions in smartphones and tablets. Stay with us as we will be in Vegas bringing you the future of mobile as it unveils.

source: ITWorld via SlashPhone

Recommended Stories

Loading Comments...
FCC OKs Cingular\'s purchase of AT&T Wireless