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Hello Moto…and Moto? Motorola Splits in Two
Last February, Motorola sent feelers that the company’s going to split into two. A month later, due to Carl Icahn’s agitation over Motorola’s slow sales, the company decided to split into two — the Mobile Devices unit and the Broadband & Mobility Solutions unit. If you remember, Motorola fell into a slump after people’s interest on the
erstwhile immensely popular RAZR phones waned. As expected, reactions on what transpired varied. There are those who said that splitting the company was necessary so Motorola could save itself by partnering with foreign companies, while there are those who foresee a disaster since the mobile unit, according to them, needs a solid business attached to its name. How stocks would be divided and if there would be a renaming of the company is not yet known, but I reckon we’ll find out in the coming months.
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