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The entry titled "Moto splits up," and any of the comments about it.
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Home > Plugged In > Archives > 2008 > March > 26 > Entry
Moto splits up
The Razr just isn’t as sharp as it used to be.
Motorola Inc. announced today that it is splitting its company in two, separating its mobile handset division that makes the Razr and all those other cellular handsets from the rest of its business of television set-top boxes, broadband equipment and other devices.
The move comes as Moto is under pressure from billionaire investor Carl Icahn to do something to improve its stock price. Icahn, who owns about 6 percent of the Schaumburg, Ill.-based company’s shares, sued Moto earlier this week to get documents in what could prelude to a proxy fight.
Four years ago, Motorola went through a similar divestiture, spinning off its semiconductor business. Today, that business is Austin, Texas-based Freescale Semiconductor.
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