Motorola Split Underlines Sad Decline For Industry Founder

March 2008 | Corporate Financing Analysis

Following a review by its management team and board of directors, Motorola has announced that it has 'commenced a process to create two independent, publicly-traded companies'. The move - which based on current plans will take the form of a tax-free distribution to Motorola shareholders, subject to further financial, tax and legal analysis - will separate the company's struggling handset business from its other more profitable and faster growing operations.

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