Motorola Solutions Inc. and Huawei Technologies Co. said Wednesday they have agreed to settle all pending litigation between the companies. Get the full story »
Inside these posts: Greg Brown
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Motorola bosses Jha, Brown see big pay hikes
Greg Brown and Sanjay Jha, the chief executives of Motorola Solutions Inc. and Motorola Mobility Inc. saw significant increases in their 2010 compensation from a year earlier, according to a proxy statement Motorola Solutions filed Tuesday with the U.S. Securities and Exchange Commission.
Motorola split into two independent companies in January, with Brown heading Motorola Solutions and Jha in charge of Motorola Mobility. In 2010, Brown’s total compensation was $13.7 million, compared with $8.5 million in 2009. Jha’s total compensation jumped to $13 million from $3.8 million. Get the full story »
March 15 at 11:53 a.m.
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Filed under: Government, Software, Technology, Telecommunications Motorola Solutions hits road for annual meeting
Schaumburg-based Motorola Solutions Inc. is holding its annual stockholders’ meeting in Washington, D.C. this year, going out of town for its first shareholders gathering as an independent company.
This year also marks the first time Motorola has held its stockholders meeting outside of the Chicago area. Get the full story »
Motorola, Boeing in White House huddle with Hu
Before Thursday night’s big bash in Chicago where Mayor Richard Daley will welcome China’s President Hu Jintao to the Windy City, several business executives with Chicago connections met with the Chinese leader and President Barack Obama in a Wednesday afternoon gathering at the White House.
Attending the meeting were James McNerney, chairman and chief executive of Chicago-based Boeing Co. and Greg Brown, the president and chief executive of Motorola Solutions Inc. in suburban Schaumburg. Get the full story »
Motorola’s successors see shares rise after spinoff
Motorola Mobility and Motorola Solutions began trading separately on Tuesday, the final step in Motorola’s two-and-half-year process in becoming two independent companies.
Motorola’s longtime ticker symbol, MOT, was retired on Tuesday as Schaumburg-based Motorola Inc. began trading under its new name, Motorola Solutions, with the ticker MSI. Motorola Mobility, which was spun off as a new company, trades under the ticker MMI.
Shares of Motorola Mobility, which includes the smartphone and TV set-top business, closed 9.5 percent higher at $33.12. Shares of Motorola Solutions Inc , which targets businesses with products like barcode scanners, closed up $2.46, or 7.6 percent, at $39.77.
It’s official: Motorola to split into 2 companies
Motorola Inc. said Tuesday it will officially split into two companies on Jan. 4, 2011.
The separation is a long time coming, as the Schaumburg-based technology company first announced the decision in March 2008. The complexity of the break-up and the global recession had slowed the process, which involved dividing up not just employees, but assets such as intellectual property and ownership of the Motorola brand. Get the full story »
Nov. 15, 2010 at 1:10 p.m.
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Filed under: Cell phones, Technology, Telecommunications, Wireless Motorola to split in January
Motorola will separate into two publicly traded companies in January 2011, co-Chief Executive Greg Brown said Monday.
The Schaumburg-based company had said it was targeting the first quarter of next year for the split. Monday’s announcement, made at a financial analysts’ meeting in New York, marked the first time the company specified a timeframe in the first quarter. Get the full story »
July 29, 2010 at 1:03 p.m.
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Filed under: Cell phones, Earnings, Technology, Telecommunications, Updated Motorola’s profit soars as revenue stabilizes
Motorola Inc. saw its second-quarter profit jump significantly from last year, with executives sounding increasingly confident about the mobile device devision’s ongoing transformation into a profitable smartphone maker.
The Schaumburg-based company posted net profit of $162 million, or 7 cents per share, for the second quarter, compared with a year-earlier profit of $26 million, or 1 cent per share. The profits were driven mostly by Motorola’s enterprise mobility and networks units, although its mobile phone business showed signs of progress. Get the full story »
July 14, 2010 at 10:56 a.m.
Filed under: Cell phones, Consumer electronics, Technology, Telecommunications, Wireless Motorola shares up on Nokia Siemens interest
Motorola shares surged nearly 4 percent this morning on speculation the company may be selling its networks equipment unit to competitor Nokia Siemens.
The Wall Street Journal reported late Tuesday that Nokia Siemens and Motorola are in talks for the Schaumburg-based company’s networks business, which makes infrastructure and equipment for wireless operators. Get the full story »
July 1, 2010 at 1:21 p.m.
Filed under: Cell phones, Chicago executives, Consumer electronics, Wireless Motorola spinoff to be named Motorola Mobility
Motorola Inc. said its spun-off mobile devices and home company will be called Motorola Mobility, with the remaining business being named Motorola Solutions Inc.
The new names were disclosed in a Thursday filing with the U.S. Securities Exchange Commission that outlined more details of Motorola’s planned separation into two companies. The split is scheduled for the first quarter of 2011, and the registration filing with the SEC marked an important step in the process. Get the full story »
Motorola to pump cash into spinoff
Motorola Inc. is planning to funnel billions of dollars to its money-losing cellphone business when it splits off into a separate company next year.
Under a structure now taking shape, Motorola is planning to buy back most of its debt and give the bulk of its remaining cash — roughly $3 billion to $4 billion — to a new company centered on the cellphone unit, according to people familiar with the matter.
Get the full story »
May 28, 2010 at 4:17 p.m.
Filed under: Cell phones, Chicago executives, Telecommunications, Wireless Motorola ups value of stock awards for co-CEO
By Wailin Wong | Motorola Inc. has sweetened the terms of the employment agreement for
co-Chief Executive Greg Brown, increasing the value of stock awards he
will receive when the company completes its planned separation into two
independent businesses.
Motorola has targeted the first quarter
of 2011 for the split, with Brown leading the enterprise mobility and
networks business, which makes network infrastructure, as well as
communications gear for public safety agencies and businesses. Co-CEO
Sanjay Jha will lead the other company, comprising mobile phones and
cable television set-top boxes.
