July 19, 2010 at 11:55 a.m.
Filed under:
Cell phones,
M&A,
Updated,
Wireless
By Wailin Wong
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 »
By Wailin Wong
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 »
By Wailin Wong
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 »
By Wailin Wong
Motorola and Verizon Wireless on Wednesday unveiled the Droid X, a new smartphone running Google’s Android operating system.
Verizon is using the Droid name to denote a series of Android devices. Motorola was the first manufacturer with Droid, released late last year, and Taiwanese company HTC has two devices under the Droid moniker at the carrier.
The Droid X has a 4.3-inch screen and an 8-megapixel camera with a shutter. It is the first device in Verizon’s line-up with a camera shutter and the ability to capture high-definition video at 720p. As part of the phone’s emphasis on video, Verizon introduced an embedded Blockbuster application that allows users to download feature-length films and rent movies. Get the full story »
June 18, 2010 at 5:55 a.m.
Filed under:
Cell phones
By Dow Jones Newswires
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.
Get the full story »
By Wailin Wong | Motorola Inc. has sweetened the terms of the employment agreement for
co-Chief Executive Greg Brown, increasing the value of stock awards he
will receive when the company completes its planned separation into two
independent businesses.
Motorola has targeted the first quarter
of 2011 for the split, with Brown leading the enterprise mobility and
networks business, which makes network infrastructure, as well as
communications gear for public safety agencies and businesses. Co-CEO
Sanjay Jha will lead the other company, comprising mobile phones and
cable television set-top boxes.
Get the full story »
