|Traded as||NYSE: MSI
S&P 500 Component
|Founded||January 4, 2011|
|Headquarters||Schaumburg, Illinois, U.S.|
|Key people||Greg Brown (Chairman and CEO)|
|Revenue||US$ 8.20 billion (2011)|
|Operating income||US$ 747 million (2011)|
|Net income||US$ 1.15 billion (2011)|
|Total assets||US$ 13.92 billion (2011)|
|Total equity||US$ 5.27 billion (2011)|
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. It was the second largest division (based on revenue) in the former 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.
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.
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.
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.
On Aug 9, 2007, a class action lawsuit against Motorola for artificially inflating the stock price through false and misleading statements was announced. In 2012, a $200 million settlement was reached.
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.
- "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".