Telecom & Wireless

Motorola (MOT) To Break Company In Two

Motorola (NYSE: MOT) today announced that it would break itself into two pieces. The move is an acknowledgment that it cannot sell its money-losing handset business and that the unit may be worth very, very little money.

The firm’s home and mobility business and its enterprise operations are less than half of the company’s revenue, but were all of Motorola’s operating income last year. They may be worth as much as the entire corporation’s market cap.

Douglas A. McIntyre

Find a Qualified Financial Advisor (Sponsor)

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.