Motorola Solutions
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| Type | Public |
|---|---|
| Traded as | NYSE: MSI S&P 500 Component |
| Industry | Telecommunications equipment |
| Predecessor(s) | Motorola, Inc. |
| Founded | January 4, 2011 |
| Headquarters | Schaumburg, Illinois, U.S. |
| Key people | Greg Brown (Chairman and CEO) |
| Products | Computer systems Two-way radios |
| Revenue |  US$ 8.20 billion (2011)[1] |
| Operating income | US$ 747 million (2011)[1] |
| Net income | US$ 1.15 billion (2011)[1] |
| Total assets |  US$ 13.92 billion (2011)[1] |
| Total equity | US$ 5.27 billion (2011)[1] |
| Employees | 23,000 (2011)[1] |
| Website | www.motorolasolutions.com |
Motorola Solutions, Inc. is an American data communications and telecommunications equipment provider that succeeded Motorola Inc. following the spin-off of the mobile phones division into Motorola Mobility in 2011. The company is headquartered in Schaumburg, Illinois, a Chicago suburb.
Motorola Solutions is composed of the Government, Public Safety and Enterprise Mobility Solutions divisions of the former Motorola, Inc. Motorola Solutions also previously had a Networks division, which it sold to Nokia Siemens Networks in a transaction that was completed on April 29, 2011.[2] It was the second largest division (based on revenue) in the former Motorola.
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History[edit]
Motorola Solutions was the Enterprise Mobility Solutions and Public Safety division of Motorola Inc. which was founded in 1928. Motorola Solutions began trading as a separate independent company on January 4, 2011.[1]
Corporate structure[edit]
The company is structured into two divisions:
- Enterprise: Comprises communications offered to government enterprise mobility business. Motorola develops advanced data capture, wireless infrastructure, bar code scanning, two-way radios and business pagers, wireless broadband networks and RFID solutions to customers worldwide. The Enterprise business is run by Girish Rishi.
- Government: Produces public safety and government products. Motorola develops analog and digital two-way radio, voice and data communications products and systems, Wireless LAN Securities and mobile computing, among others. The Public Safety business is run by Bob Schassler.
Controversies[edit]
In 1999, Motorola was named as one of the defendants in a lawsuit arising out of alleged misrepresentations regarding the Iridium satellite communication business using third parties as conduits.[3]
In Jan, 2003, Motorola was sued by the shareholders for concealing its huge loan. Mororola agrees to pay $190 million to conciliate the lawsuit in 2007.[4]
On Aug 9, 2007, a class action lawsuit against Motorola for artificially inflating the stock price through false and misleading statements was announced.[5] In 2012, a $200 million settlement was reached.[6]
On Jan 21, 2010, Motorola was sued for intentionally misstating the earnings projections and sales demands for the RAZR2 during 2007 holiday shopping season. A settlement of $3,150,000 was reached in June,2011.[7]
References[edit]
- ^ a b c d e f g "2010 Form 10-K, Motorola Solutions, Inc.". United States Securities and Exchange Commission.
- ^ "Nokia Siemens Networks completes acquisition of certain wireless network infrastructure assets of Motorola Solutions" Nokia Siemens Networks, April 29 2011
- ^ "Freeland v. Iridium World Communs., Ltd.".
- ^ "Motorola conceals the huge borrowed money and is sued".
- ^ "Motorola, Inc.: 2007 lawsuit".
- ^ "Motorola Solutions to pay $200 million to settle shareholder suit".
- ^ "Motorola, Inc.: 2010 lawsuit".
External links[edit]
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