Yesterday was a big day for Motorola's handset division, as it officially branched out on its own. Motorola is now two separate publicly traded companies called Motorola Solutions, and Motorola Mobility. It was a great day for Motorola stockholders.
"We are pleased that Motorola Mobility has reached this important milestone. After more than two years of planning, today we begin operating as a financially strong, independent company trading on the New York Stock Exchange," said Sanjay Jha, chairman and CEO of Motorola Mobility, in a statement. "We are well-positioned to build on the strong momentum we have in smartphones and end-to-end video solutions -and to take advantage of opportunities resulting from the convergence of media, mobility, computing and the Internet."
Motorola Mobility has been given $3.5 billion dollars on its way out to strengthen the company while it grows. A huge part of the handset division is riding on Google's Android OS, and it has shown very positive growth. Motorola can't make enough handsets to keep up with demand.
After Motorola's RAZR craze the handset division was on a rugged road. As a separate company Motorola Mobility will have more freedom to focus on their own resources and manpower. Motorola smartphones with Android OS have a huge chance of becoming extremely successful.
I would like to wish Motorola Mobility abundant prosperity as they venture out on their own. We'll all be keeping our eyes peeled for what's to come.