Motorola Splits to Create Consumer and Enterprise Network Units
Investors have voiced approval of Motorola's plans to split into two publicly traded companies.
With the split, one unit will be a consumer-focused company that combines mobile devices and home units. According to Forbes, the second will integrate Motorola's enterprise mobility and networks units into a company targeted at government and corporate customers.
"One year after talk of a split was first floated, Motorola said Thursday it revised its plan to one that combines its mobile devices and home units into a consumer-focused company and its enterprise mobility and networks units into a company targeted at government and corporate customers. The split will take place by early 2011.
"There has been speculation about whether the mobile devices unit, which is not yet profitable, would be able to survive without support from Motorola's more profitable enterprise units."