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