If you own Motorola stock, you probably already know this. C|Net is reporting that the phone maker giant has decided to split into two publicly traded companies, one handling
handsets and accessories and the other taking on wireless broadband
networks and enterprise-level communications services.
"Our decision to separate our Mobile Devices and Broadband & Mobility Solutions businesses follows a review process undertaken by our management team and Board of Directors, together with independent advisers," CEO Greg Brown said in a release. "Creating two industry-leading companies will provide improved flexibility, more tailored capital structures, and increased management focus--as well as more targeted investment opportunities for our shareholders."
I would like to believe this is a good move for consumers, since it will allow the two companies to place more focus on their relative specialties, which will hopefully result in better products and services for all of us.