Motorola is hoping two is better than one.
On Wednesday, the company, whose cell phone business has been in a death spiral for several quarters, announced that after a two-month formal analysis, it has decided to split the company into two publicly traded entities.
One will handle handsets and accessories while the other will continue to concentrate on wireless broadband and enterprise communication products.
"Creating two industry-leading companies will provide improved flexibility, more tailored capital structures, and increased management focus--as well as more targeted investment opportunities for our shareholders," CEO Greg Brown said in a release.
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