Motorola’s 4 parts, soon to part 3 waysBy AP
Monday, July 19, 2010
Motorola’s 4 parts, soon to part 3 ways
Motorola Inc. is made up of the following units:
Enterprise Mobility — Makes police radios, bar-code scanners and other equipment for government and corporate clients. It had $1.69 billion in revenue in the first quarter and operating earnings of $141 million. This unit will be called Motorola Solutions when it becomes a separate company early next year.
Mobile Devices — The cell phone unit will be called Motorola Mobility when it becomes a separate company early next year, together with the Home unit. Had $1.64 billion in revenue in the first quarter and lost $192 million on an operating basis.
Home — This unit makes cable set-top boxes and modems. It’s a leading provider in the U.S., competing with Cisco Systems Inc. Will be combined with Mobile Devices to form Motorola Mobility early next year. Had $838 million in revenue in the first quarter and $20 million in earnings.
Networks — Most of this unit is being sold to Nokia Siemens networks for $1.2 billion. It makes network equipment for wireless carriers, notably Sprint Nextel Corp. and Verizon Wireless, but has fallen behind the times. It had sales of $896 million in the first quarter and earnings of $112 million.