Motorola spinning off handset unit
March 27, 2008 by admin
In a clear move to keep Motorola’s flagging mobile phone sales from pulling down its lucrative broadband and switching enterprise services the company is splitting into two publicly-traded organizations. The Mobile Devices company will focus on mobile handsets while the Broadband and Mobility solutions sector will work on secure voice and data communication along with broadband for enterprises and government.
Shareholders will receive shares in each of the companies once the process is completed.
Via Mobilecrunch
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