Schaumburg, Ill. –
will split into two independent
publicly traded companies on Jan. 4, and both entities will carry the Motorola
name.
The long-planned split, designed to unlock
shareholder value, will create Motorola Mobility Holdings and Motorola
Solutions. The former will market cellphones, portable navigation devices, home
set-top boxes, cable modems and infrastructure for cable operators. The latter will
market such products as electronics and communications equipment for enterprises,
government and public safety agencies worldwide.
Both new companies
will trade on the New York Stock Exchange.
In a prepared
statement, the company said its announcement “marks another important milestone
toward the upcoming separation that is expected to benefit Motorola, its
stockholders, as well as each company’s respective customers and employees.”
