Just another WordPress.com weblog

Motorola splitting into two companies in 2009


In attempt to try and make money again for a change after a market loss of 60%, Motorola announced that they will be splitting into two publicly traded entities in 2009.

London-based Nomura analyst Richar Windsor said, “it could be 18 months before it happens, by which time the outlook for either of the businesses could be completely different.”

One of the two companies would be their money-losing mobile phone unit while the other would make set-top boxes and network equipment.

By spinning their mobile phone business into a separate company they may be able find strategic investors such as smaller handset makers in China or Japan eager to get into the US market.

[Via Reuters]


Comments are closed.