Feeds

Motorola tugs itself to bits in mobo-go-solo schism pact

You wanna piece a me?

Beginner's guide to SSL certificates

Motorola will be splitting into two companies on 4 January, with existing shareholders getting a piece of the handset manufacturer, and the radio specialist, in exchange for their holding.

The two companies, Motorola Mobility and Motorola Solutions, will start trading on 4 January, with owners of Motorola shares getting one Mobility share for every eight Motorola shares they own, and one Solutions share for every seven, and the fractional remains being sold off as soon as practically possible.

Motorola has been trying to get shot of its loss-making mobile division for years, but gave up trying to find a buyer in January. A month later the company set out the plan now being enacted, as well as bumping up Sanjay Jha's compensation plan should the split succeed (or fail: Sanjay Jha is a quality negotiator). The schedule called for the two companies to separate in the first quarter of 2011, so 4 January is actually ahead of schedule.

Motorola sold off its telecommunications infrastructure to Nokia Siemens in the middle of the year, and while that transaction hasn't yet completed, it is expected to happen any day now. So with mobile phones and home electronics going into Motorola Mobility, that just leaves governmental and enterprise services with Motorola Solutions - a small part of the existing business, but a profitable one.

The majority of the patents – 24,500 of them – end up with Motorola Mobility, allowing that unit to continue with the various court actions with which Motorola has been involved and "in part to mitigate certain intellectual property risks associated with operating as a new entity". Motorola Solutions gets thousands of patents too, but will probably concentrate on serving customers rather than suing the rest of the industry.

Motorola has provided an FAQ with more details for investors, along with detailed dates and trading symbols for the new companies. ®

Top 5 reasons to deploy VMware with Tegile

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.