The split will give current shareholders a share in each new company, which will be roughly the same size in terms of annual revenue at $11 billion. Both halves will be publicly traded.
The move gives the companys two co-CEOs, Sanjay Jha and Greg Brown, separate companies to run. Jha will concentrate on Motorolas entertainment and consumer-oriented devices, including smart phones like the Droid, and Brown on high-tech business solutions.
“We believe this configuration is cleaner and more compelling for customers and investors,” Brown said in an interview. “We do anticipate that both business segments will have positive operating cash flow moving [...]

Much like the Motorola Droid, which debuted to much fanfare in November, the Devour has a touch screen that slides away to reveal a keyboard. The screen is slightly smaller, however. Verizon said Wednesday the phone would be on sale in March, but did not say what it would cost.
The Devour also features Motoblur, a software package from Motorola that displays e-mails and content from such sites as Twitter and Facebook on one screen. Motorolas Cliq, which launched through T-Mobile USA last year, also used Motoblur, but the Droid did not.
Verizon Wireless has positioned Android phones as its main alternative [...]

Co-Chief Executive Officer Sanjay Jha said last month that Motorola, the biggest U.S. mobile-phone maker, is progressing with plans to spin off the handset unit. Now the company is exploring a sale of its home-entertainment division, which makes cable television set-top boxes, according to three people with knowledge of the plans.
Motorola lost more than $4 billion last year after the companys phones failed to compete with Apple Inc.s iPhone and Research In Motion Ltd.s BlackBerry. Getting rid of phones and set-top boxes would leave Motorola as [...]

The Motorola Cliq will cost $200 with a two-year contract, T-Mobile said. Buyers who arent already T-Mobile customers will have to wait until Nov. 2.
The Cliq is the first product to come out of a turnaround effort at Motorola Inc., whose cell phone division has been struggling since the Razr fell out of favor. Motorola is now focusing on making “smart” phones using Google Inc.s Android software to compete with Apple Inc.s iPhone.
T-Mobile already sells two Android smart phones made by HTC Corp. Sprint Nextel Corp. is releasing one, also made by HTC, on Oct. 11.
The Cliq comes with a [...]

The Cliq comes with a touch screen and a standard, “QWERTY” keyboard that slides out from its side. Software on it will let users aggregate contact information from various social networks and e-mail accounts. Small application “widgets” will show such information as your friends Facebook status updates on the home screen.
The Cliq, which Motorola unveiled Thursday during a GigaOM mobile Internet conference in San Francisco Thursday, will be available from wireless carrier T-Mobile in time for the holiday season. Pricing information has not yet been released.
The Cliq and other Android-based handsets that Motorola Inc. plans to release could be the [...]

Brown oversees that group and the home-entertainment and networks unit, which together account for about two-thirds of revenue. Co-CEO Sanjay Jha leads the handset division, whose split from the rest of the company was announced last year. Once thats done and the economy rebounds, Motorola may seek acquisitions, Brown said.
“Fast forward the tape 12 to 24 months, I think its fair to say we would evaluate opportunities that we thought were pretty compelling,” he said in an interview last week at Motorolas headquarters in Schaumburg, Illinois. [...]

It happened to the chief financial officer of Motorola Inc. this year. And the lawsuit he filed afterward provides a rare peek into dysfunctional relationships at the top of a major company.
Motorola has gone so far as to claim it fired the CFO “for cause” - a term often reserved for suspected embezzlers - while the former executive says he was canned for blowing the whistle on big problems.
The case represents more trouble for the cell phone maker, which has been struggling with billion-dollar losses and laying off thousands of workers.
Paul Liska, 53, walked into a board subcommittee meeting Jan. [...]

Investors were largely unimpressed, and analysts pointed to deterioration in the Motorola units that have been propping up the dismally performing cell phone operations.
“Theres no turnaround yet. This is basically treading water more efficiently than they have in the past,” said analyst Ed Snyder at Charter Equity Research.
The Schaumburg, Ill.-based company reported a loss of $231 million, or 13 cents per share, for the first three months of the year. Thats wider than the loss of $194 million, or 9 cents per share, for the same quarter last year.
The loss for the latest quarter included charges of 5 cents per [...]

Sanjay Jhas compensation is made up of huge incentives the Schaumburg, Ill.-based company said it needed to offer to recruit an executive of his caliber to help lead a major restructuring effort. It comes as thousands of Motorola employees have been laid off because of mounting losses.
Jha was lured to Motorola last year from Qualcomm Inc., where he served as chief operating officer. He was brought in to run Motorolas badly wounded cell phone business, which the company plans to spin off but has been delaying because of its huge losses.
Jha, who leads Motorolas mobile devices division, has a big [...]

North Americas largest maker of telecommunications equipment posted a massive fourth-quarter loss as it recorded charges to reflect the shrinking value of its cell phone business. It also suspended its dividend, said its chief financial officer had left and gave a disappointing forecast for the current quarter.
Its stock tumbled as much as 15 percent.
Motorola made the first commercial cell phones in the U.S., and a few years ago had a huge hit with the Razr phone. But as fickle buyers have moved on, Motorolas fortunes have dwindled dramatically, with its cell phone revenue dropping 70 percent in two years. The [...]