Hello Moto! Times two.
Motorola is no longer one company. A long-in-the-works breakup of the smartphone and telecom equipment maker finally took effect — probably to the delight of frustrated institutional shareholders like corporate agitator Carl Icahn.
For several years, analysts and investors have argued that Motorola lacked focus and needed to split. So Motorola and its ticker symbol MOT now no longer exist.
Instead, we have Motorola Mobility — which owns the smartphone and cable set-top box assets and trades under the symbol MMI — and Motorola Solutions, which makes two-way radios and other public safety equipment and trades under the ticker MSI.
Motorola’s phone business has enjoyed a remarkable turnaround thanks to the success of its Droid line of phones running on Google’s (GOOG, Fortune 500) Android operating system.