Motorola has put the plans in place to split itself into two independent, publicly traded companies, as detailed in an Apr. 3 filing with the U.S. Securities and Exchange Commission.
Motorola is still targeting the first quarter of 2011 for the split, which will result in one company for Mobile Devices and Home businesses and another company for Enterprise Mobility Solutions and Networks businesses. Dr. Sanjay K. Jha, co-chief executive officer of Motorola, Inc., will ne CEO of Mobile Devices and Home business. Gregory Q. Brown, co-chief executive officer of Motorola, Inc., will be CEO of Enterprise Mobility Solutions and Networks business.
Motorola's filing on Apr. 3 reported that the company has realigned its businesses in the first quarter of 2010 and will now report financial results for four operating business segments:
• Mobile Devices, which designs and produces wireless handsets, including smartphones.
• Home, which makes residential set-top boxes as well as end-to-end video distribution systems, broadband access infrastructure platforms, and other equipment for cable TV and telecom providers.
• Enterprise Mobility Solutions, which designs and produces two-way radios, wireless LAN and security products, voice and data communications products and systems for private networks, wireless broadband systems, and end-to-end enterprise mobility solutions.
• Networks, which designs and makes wireless network systems, including cellular infrastructure systems and wireless and wireline cable and cellular broadband systems, for wireless service providers.
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