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Motorola Mobility Chief Executive Sanjay Jha defended his decision to sell the company’s coming Xoom tablet in the U.S. at $800, a higher price tag than market leader Apple Inc.’s iPad.
Jha, speaking to reporters at Barcelona’s Mobile World Congress, said a device that was 4G compatible on Verizon’s network was worth the extra money. A 32GB iPad with 3G currently retails in the U.S. for $729. Get the full story »
Shares in Motorola Mobility Holdings were down more than 11 percent, to $30.67, Thursday, a day after strong smart phone launches boosted the handset maker’s results in the fourth quarter.
Bloomberg reported Thursday that the imminent arrival of Apple Inc.’s iPhone at Verizon Wireless had slowed sales at Motorola’s biggest carrier.
To blunt the effect, Bloomberg reported, Chief Executive Officer Sanjay Jha said the company is introducing new phones including the Atrix, trying to sell more handsets through other U.S. carriers and bulk up sales in China and Latin America.
The world’s most powerful smart phone.
Such a claim is a bold one, but Motorola Mobility is making it at the Consumer Electronics Show, the annual industry confab where companies try to one-up each other with the newest technology and flashiest product releases. Get the full story »
A trade panel that specializes in patent cases has agreed to hear the complaint of Motorola’s subsidiary Motorola Mobility against Microsoft, the panel said on Tuesday.
Motorola Mobility, which makes handsets and is being spun off by Motorola, has accused Microsoft of infringing its patents to make some Xbox video game consoles. Get the full story »
The stock market on Friday started working out the relative values of the two companies Motorola Inc. will break into on Jan. 4, as their respective shares started trading on a “when-issued” basis. Get the full story »
Motorola unveiled Wednesday its board of directors for Motorola Solutions, one of the two new companies that will result from a planned split in January.
The separation is scheduled for Jan. 4, 2011. On that date, Motorola will spin off Motorola Mobility, a company led by current co-Chief Executive Sanjay Jha that will focus on mobile devices and television set-top boxes. The remaining company, headed by co-CEO Greg Brown, will become Motorola Solutions and trade on the New York Stock Exchange under the ticker symbol “MSI.” Motorola Solutions will make communications equipment and software for public safety, government and industrial sectors. Get the full story »
Motorola Inc. said Tuesday it will officially split into two companies on Jan. 4, 2011.
The separation is a long time coming, as the Schaumburg-based technology company first announced the decision in March 2008. The complexity of the break-up and the global recession had slowed the process, which involved dividing up not just employees, but assets such as intellectual property and ownership of the Motorola brand. Get the full story »
Activist investor Carl Icahn has increased his stake in Schaumburg-based Motorola Inc. to about 11.3 percent, up from a 10.7-percent holding he disclosed at the end of August.
In filings with the U.S. Securities and Exchange Commission, Icahn said he spent about $120.9 million to buy 15.2 million additional shares of Motorola on Tuesday. Get the full story »
Motorola Inc. plans to spin off its mobile phone and television set-top box businesses with $3.5 billion in cash when the Schaumburg-based company splits in two early next year.
Motorola SpinCo Holdings Corp., the entity created in preparation of the separation, disclosed the capitalization amount in a Tuesday filing with the U.S. Securities and Exchange Commission. Get the full story »
Motorola Inc. has re-hired a senior executive to help lead its television set-top box business, which will be spun off into an independent company along with the mobile phone unit in the first quarter of next year.
Schaumburg-based Motorola said it has named Daniel Moloney president of Motorola Mobility, as the new company will be called. Moloney starts on Sept. 1 will oversee the Home business, as well as supply chain, information technology and government affairs. Get the full story »
Motorola Inc. is selling its wireless networks unit to Nokia Siemens Networks for $1.2 billion, a move that will accelerate the Schaumburg-based company’s planned break-up into separate businesses.
The deal, expected to close at the end of 2010, will boost Nokia Siemen’s standing in key markets such as the U.S. and Japan, while allowing Motorola to devote more attention to the enterprise mobility unit that makes communications equipment for public safety agencies and industrial companies. Get the full story »
Motorola shares surged nearly 4 percent this morning on speculation the company may be selling its networks equipment unit to competitor Nokia Siemens.
The Wall Street Journal reported late Tuesday that Nokia Siemens and Motorola are in talks for the Schaumburg-based company’s networks business, which makes infrastructure and equipment for wireless operators. Get the full story »
Motorola Inc. said its spun-off mobile devices and home company will be called Motorola Mobility, with the remaining business being named Motorola Solutions Inc.
The new names were disclosed in a Thursday filing with the U.S. Securities Exchange Commission that outlined more details of Motorola’s planned separation into two companies. The split is scheduled for the first quarter of 2011, and the registration filing with the SEC marked an important step in the process. Get the full story »
Motorola Inc. is planning to funnel billions of dollars to its money-losing cellphone business when it splits off into a separate company next year.
Under a structure now taking shape, Motorola is planning to buy back most of its debt and give the bulk of its remaining cash — roughly $3 billion to $4 billion — to a new company centered on the cellphone unit, according to people familiar with the matter.
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