1/5/2011 12:39:00 PM
Motorola Mobility begins life as a separate entity
Motorola Mobility has completed its previously announced spin-off from Motorola, it was announced this week.
Its shares began trading on Tuesday (4 January) on the New York Stock Exchange under the ticker symbol ‘MMI’. In 2010, the ‘Mobile Devices’ business launched 23 smartphones globally.
The ‘Home business’ is one of the largest providers of digital set-top boxes and end-to-end video solutions. Motorola Mobility said it will leverage the capabilities of both the Mobile Devices and Home businesses to deliver ‘innovative smartphones, tablets, set-tops and other converged devices – as well as content delivery and management, and interactive cloud-based services to consumers in the home and on the go’.
Motorola Mobility CEO Sanjay Jha said: ‘We are pleased that Motorola Mobility has reached this important milestone. After more than two years of planning, we begin operating as a financially strong, independent company trading on the New York Stock Exchange. We are well-positioned to build on the strong momentum we have in smartphones and end-to-end video solutions – and to take advantage of opportunities resulting from the convergence of media, mobility, computing and the internet.’
He added: ‘With more than 20,000 employees globally, 24,500 patents granted and pending, and a highly recognisable brand, we are able to deliver cutting edge devices with differentiated software experiences. In addition, we will continue to work aggressively to capitalise on the next generation of converged devices and experiences to provide consumers with more intuitive and personalised services.’