SCHAUMBURG, IL – Motorola Inc. will separate its struggling handset business from other operations, forming two separate publicly traded companies.
The company said the handset business will make up one unit, while home
and networks products, and enterprise mobility solutions will be
bundled into a separate business. Pending shareholder approval, the
moves would take place next year.
The move is seen as a response to heavy pressure from its second-leading shareholder, Carl Icahn, to revamp the business.
"Our priorities have not changed with today's announcement," said chief
executive Greg Brown said in a statement. "We remain committed to
improving the performance of our Mobile Devices business by delivering
compelling products that meet the needs of customers and consumers
around the world."
Motorola will seek a new chief executive for the Mobile Devices
business, which has suffered heavy fiscal and market share losses
during the past two years.
HERNDON, VA – iNEMI has scheduled three regional workshops to give industry the opportunity to review work in progress on the 2009 Roadmap.
The North American workshop is scheduled for May 14 at iNEMI
headquarters in Herndon, VA. The agenda includes Technology Working
Groups presentations and chapter draft discussions.
The European workshop will be held on June 18 at IMEC in Leuven,
Belgium, and the Asian workshop is scheduled for July 28 in Shanghai.
The 2009 Roadmap covers 22 technology, infrastructure and business
process areas. New are sections on solid-state illumination, RFID
item-level tag and photovoltaics.
The North American registration deadline is May 8. For more
information, visit www.inemi.org/cms/calendar/2009_RM_NA_May08.html.
Further information about the Asian and European workshops will be provided on the iNEMI Website as plans are finalized.