Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Motorola to Split Off Handset Business

Send a link to a friend

[March 26, 2008]  SCHAUMBURG (AP) -- Motorola Inc. plans to separate its struggling handset business from its other operations.

The Illinois company has been under pressure from billionaire investor Carl Icahn to make changes to revitalize its cell-phone business.

Motorola said Wednesday it will split the handset business from a separate company that will encompass its home and networks business, which sells TV set-top boxes and modems, and its enterprise mobility solutions, which sells computing and communications equipment to businesses.

Chief Executive Greg Brown says the move will provide "more targeted investment opportunities for our shareholders."

Motorola shares rose 5 cents to $9.81 in premarket trading.

[Associated Press]

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

< Recent articles

Back to top


News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries

Community | Perspectives | Law & Courts | Leisure Time | Spiritual Life | Health & Fitness | Teen Scene
Calendar | Letters to the Editor