Motorola Breakup

March 26, 2008: Motorola, the world's third largest producer of mobile phones, announced a tentative plan to diverge into two separate companies in 2009. The split would isolate Motorola's mobile device division and create a spin-off company focused on Motorola's emerging networking operations.

1. Stock symbol: MOT NYSE
2. Annual revenue (2007): $36.622 billion U.S.
3. Founders: Paul and Joseph Galvin
4. Year Established: 1928
5. Industry: Telecommunications
6. Phone: 1-847-576-5000
7. Fax: 1-847-576-5372
8. HQ: Schaumburg, Illinois
9. President and CEO: Gregory Q. Brown
10. CFO: Paul J. Liska
11. Staff: 66,000
12. Other key people: Patricia B. Morrison, Chief Information Officer
13. Products: Primarily cell phones and cell phone peripherals
14. Initially called: Galvin Manufacturing Corporation
15. Created the worlds first commercial cellular device, the DynaTAC 8000X, in 1983

Motorola's handset market share has recently declined in the face of competition from Nokia and Apple.Reuters: Motorola shares at 5-year low on competition fears (June 19, 2008) Nokia was bolstered after joining its mobile device division with Sony and its networking division with Ericsson and Siemens.

• Topix.net: Motorola Breakup
• Google News: Motorola Breakup

• Portfolio.com: Motorola Splits (March 26, 2008)
• TimesOnline: Investor wins battle to break up Motorola (March 26, 2008)
  • The split is the result of an effort from billionaire Motorola investor Carl Icahn, the company's second-largest shareholder, with 6.3 percent of the total shares. He plans to appoint Keith Meister as the head of the network company and is seeking an executive to run the mobile device business.
• USAToday.com: Motorola to split company, yielding to pressure from Icahn (March 26, 2008)
• WashingtonPost.com: Motorola To Split In Two; Devices and Mobility Solutions To Trade Separetely (March 26, 2008)
• The Wall Street Journal: Motorola Mulls Sale or Spinoff Of Its Struggling Handset Business (January 31, 2008)
• Bloomberg.com: Motorola to Split Into Two After Phone Sales Slide (March 26, 2008)
• AOL Money & Finance: Motorola May Spin Off or Sell Phone Unit (January 31, 2008)

• Deal Journal (WSJ.com): Split Personality: Will a Motorola Break-Up Help? (March 26, 2008)

• CNET News: Motorola hits redial on handset biz (March 26, 2008)

• Silicon Alley Insider: Motorola To Spin Off Cellphone Business (March 26, 2008)

• Macworld: Motorola to split in two (March 26, 2008)

• Google Blog Search: Motorola Breakup

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