{"id":809,"date":"2008-03-26T14:25:11","date_gmt":"2008-03-26T14:25:11","guid":{"rendered":"tag:www.legitreviews.com:\/\/a1dfee85a5ec4792be326b5a87ed5218"},"modified":"2008-03-26T14:25:11","modified_gmt":"2008-03-26T14:25:11","slug":"motorola-to-split-into-two-companies","status":"publish","type":"post","link":"https:\/\/computerhunter.us\/?p=809","title":{"rendered":"Motorola to split into two companies"},"content":{"rendered":"

Motorola Inc said on Wednesday it would split into two publicly traded entities to separate its loss-making handset division from its other businesses. The move, which comes amid an intensifying proxy battle against activist investor Carl Icahn ahead of a May 5 annual meeting, could be a prelude for a joint venture for the cell phone business, analysts said.<\/p>\n

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Motorola, now ranked third in the global handset market, said the split would take the form of a tax-free distribution to its shareholders and expected it to be completed in 2009. The company has already started to look for a new head for its mobile devices business. “We expect this action to enhance recovery in mobile devices and accelerate efforts to attract a new leader,” Chief Executive Greg Brown said on a conference call with analysts.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Motorola Inc said on Wednesday it would split into two publicly traded entities to separate its loss-making handset division from its other businesses. The move, which comes amid an intensifying proxy battle against activist investor Carl Icahn ahead of a May 5 annual meeting, could be a prelude for a joint venture for the cell phone business, analysts said.<\/p>\n

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Motorola, now ranked third in the global handset market, said the split would take the form of a tax-free distribution to its shareholders and expected it to be completed in 2009. The company has already started to look for a new head for its mobile devices business. “We expect this action to enhance recovery in mobile devices and accelerate efforts to attract a new leader,” Chief Executive Greg Brown said on a conference call with analysts.<\/p>\n<\/blockquote>\n

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