Motorola to split into 2 companies
www.chinaview.cn 2008-03-27 10:38:44   Print

File photo of Chief Executive of Motorola Inc. Greg Brown. published on March 26, 2008. Motorola Inc. bowed to pressure from investors Wednesday, announcing a plan to split its struggling cell phone business from other operations to form two separate publicly traded companies. "The creation of the two independent publicly traded companies provides improved management focus and a capital structure that's more tailored to the individual business needs," said Chief Executive Greg Brown, who will remain at the helm of the split company's non-cell phone unit. "And it will provide some improved alignment and agility and will help us going forward."

File photo of Chief Executive of Motorola Inc. Greg Brown. published on March 26, 2008. Motorola Inc. bowed to pressure from investors Wednesday, announcing a plan to split its struggling cell phone business from other operations to form two separate publicly traded companies. "The creation of the two independent publicly traded companies provides improved management focus and a capital structure that's more tailored to the individual business needs," said Chief Executive Greg Brown, who will remain at the helm of the split company's non-cell phone unit. "And it will provide some improved alignment and agility and will help us going forward." (Xinhua Photo)
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Editor: Wang Hongjiang
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