Updated 7:35 AM PDT. News.com's Richard Defendorf contributed to this story.
Under pressure from investors, Motorola has decided to split into two publicly traded companies, one handling handsets and accessories and the other taking on wireless broadband networks and enterprise-level communications services.
"Our decision to separate our Mobile Devices and Broadband & Mobility Solutions businesses follows a review process undertaken by our management team and Board of Directors, together with independent advisers," CEO Greg Brown said in a release. "Creating two industry-leading companies will provide improved flexibility, more tailored capital structures, and increased management … Read more