Motorola to Split Into Two After Phone Sales Slide

March 26, 2008 6:34 pm

Motorola Inc. plans to split into two companies next year amid pressure from billionaire investor Carl Icahn to break off the money-losing mobile-phone business that it pioneered 25 years ago.One company will focus on handsets and the other will sell network equipment, cable TV set-top boxes and two-way radios — businesses that are profitable and growing faster. The board is looking for a new chief executive officer for the phone business, Motorola said today in a statement.

read the rest published by Bloomberg here:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aC_4KTMmLIK0

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Motorola to Split Into Two After Phone Sales Slide

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