Motorola has announced that it will be splitting off its mobile phone business into a seperate company by 2009.
The move is seen as a way to acquiesce to the demands of major investor Carl Icahn and the split will leave Motorola as a company that makes TV set-top boxes, wireless equipment, public-safety radios and bar-code scanners.
Motorola CEO Greg Brown has this to say about the latest move. "The decision will provide improved flexibility, more tailored capital structures, and increased management focus - as well as more targeted investment opportunities for our shareholders."
"Clearly there's a lot more work to be done," Brown added. "It will be a product-led recovery. We're taking steps now to ensure and solidify that direction."
Motorola CEO Greg Brown has this to say about the latest move. "The decision will provide improved flexibility, more tailored capital structures, and increased management focus - as well as more targeted investment opportunities for our shareholders."
"Clearly there's a lot more work to be done," Brown added. "It will be a product-led recovery. We're taking steps now to ensure and solidify that direction."
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