Motorola To Become Two
Published by Codrut Nistor, on March 26th, 2008, in the categories: News
Started way back in 1928, as Galvin Manufacturing Corporation, Motorola got its current name in 1947, but this term was used as a trademark since the 1930s. "Motorola" appeared when Paul Galvin and Joseph Galvin, the founders of the company, started to manufacture car radios. Since then, the company had a very long and interesting history, but it seems today they reached a turning point, because the in Schaumburg, Illinois - based company decided to split into two completely independent entities...

Lately, it seems Motorola's mobile phones sales didn't go as well as expected, so the company will be split into an individual company that's going to focus on handsets and supporting technologies for end-users, while the other one will work in the business and public services fields.
Greg Brown, Motorola's president and CEO, said "Our decision to separate our Mobile Devices and Broadband & Mobility Solutions businesses follows a review process undertaken by our management team and Board of Directors, together with independent advisors. Creating two industry-leading companies will provide improved flexibility, more tailored capital structures, and increased management focus – as well as more targeted investment opportunities for our shareholders."
Anyway, it seems this is not going to happen right away, because Motorola expects this separation to take place in 2009, because there are a lot of documents and agreements to be signed and approved until everything is over.
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