Motorola Solutions

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Motorola Solutions, Inc.
Type Public
Traded as NYSEMSI
S&P 500 Component
Industry Telecommunications equipment
Predecessor(s) Motorola, Inc.
Founded January 4, 2011
Headquarters Schaumburg, Illinois, United States
Key people Greg Brown (Chairman and CEO)
Products Computer systems
Two-way radios
Revenue
  • Decrease US$ 8,696.0 million (2013) [1]
  • Increase US$ 8,698.0 million (2012) [1]
Operating income
  • Decrease US$ 1,215.0 million (2013) [1]
  • Increase US$ 1,256.0 million (2012) [1]
Net income
  • Increase US$ 1,099.0 million (2013) [1]
  • Decrease US$ 881.0 million (2012) [1]
Total assets
  • Decrease US$ 11,851.0 million (2013) [2]
  • Decrease US$ 12,679.0 million (2012) [1]
Total equity
  • Increase US$ 3,689.0 million (2013) [2]
  • Decrease US$ 3,290.0 million (2012) [1]
Employees 21,000 (2013)[3]
Website www.motorolasolutions.com

Motorola Solutions, Inc. is an American data communications and telecommunications equipment provider that succeeded Motorola Inc., following the spinoff of the mobile phones division into Motorola Mobility in 2011. The company is headquartered in Schaumburg, Illinois, a suburb of Chicago.

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.[4] In the former Motorola parent company, it was the second largest division based on revenue.

History[edit]

Main article: Motorola

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.[3] It is the legal successor of the old Motorola; the transaction was structured so the old Motorola changed its name to Motorola Solutions and spun off Motorola Mobility as a separate company.

In April 2014, it was announced that Motorola Solutions Enterprise Business is to be sold to Zebra Technologies.[5]

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, barcode 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 security, and mobile computing, among others. The Public Safety business is run by Bob Schassler.

Legal controversies of the parent company[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.[6]

In January 2003, Motorola was sued by the shareholders for concealing a huge loan. Motorola agreed to pay $190 million to conciliate the lawsuit in 2007.[7]

In August 2007, a class action lawsuit was announced against Motorola for artificially inflating the stock price through false and misleading statements.[8] In 2012, a $200 million settlement was reached.[9]

In January 2010, Motorola was sued for intentionally misstating the earnings projections and sales demands for the RAZR2 during 2007 holiday shopping season. A settlement of $3.15 million was reached in June 2011.[10]

See also[edit]

References[edit]

  1. ^ a b c d e f g h "Motorola Solutions, Inc. 2013 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. February 13, 2014. 
  2. ^ a b "Motorola Solutions, Inc. 2014 Q1 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. May 1, 2014. 
  3. ^ a b "2013 Form 10-K, Motorola Solutions, Inc.". United States Securities and Exchange Commission. 
  4. ^ "Nokia Siemens Networks completes acquisition of certain wireless network infrastructure assets of Motorola Solutions". Nokiasiemensnetworks.com. Retrieved 2013-09-21. 
  5. ^ Roy, Abhirup (2014-04-15). "Zebra Tech to buy Motorola Solutions". Reuters. Retrieved 16 April 2014. 
  6. ^ "Freeland v. Iridium World Communs., Ltd.". Files.shareholder.com. Retrieved 2013-09-21. 
  7. ^ "Motorola conceals the huge borrowed money and is sued". My.opera.com. Retrieved 2013-09-21. 
  8. ^ "Motorola, Inc.: 2007 lawsuit". Securities.stanford.edu. Retrieved 2013-09-21. 
  9. ^ "Motorola Solutions to pay $200 million to settle shareholder suit". Articles.chicagotribune.com. Retrieved 2013-09-21. 
  10. ^ "Motorola, Inc.: 2010 lawsuit". Securities.stanford.edu. Retrieved 2013-09-21. 

External links[edit]