Motorola Inc. announced today that it has started the process to split its mobile device division and broadband division in two separate companies that will remain to be publicly traded.
Although the move may seem surprising to consumers, this was a widely rumored and accepted move for shareholders. Motorola has been struggling, trying to innovate and continue success after the Razr boosted sales to new heights in 2005-2006, but so far had been unable to repeat the feat. Despite of this, its Mobile Devices division still brought $19 billion in revenues last year. If approved by regulators, the two units would be separated in 2009.