Citing its intention to increase its focus on communications and integrated electronic systems, Motorola announced plans to separate its semiconductor operations into a publicly traded company. Specifically, Motorola is considering an initial public offering (IPO) of a portion of its Semiconductor Products Sector (SPS) group, followed by a distribution of remaining shares to shareholders in a tax-free manner.
Motorola’s Semiconductor Products Sector is the leading producer of embedded processors. Its product line includes a its “DigitalDNA” system-on-chip solutions. Motorola’s worldwide semiconductor sales were $4.8 billion in 2002.
Motorola’s remaining portfolio includes:
- Cellular handsets and related software and services — Personal Communications Sector
Cellular network infrastructure, software and services — Global Telecom Solutions Sector
Integrated radio communications and information solutions for public safety, government and enterprises
— Commercial, Government and Industrial Solutions SectorAutomotive electronics, embedded computing systems and portable energy systems — Integrated Electronic Systems Sector
Cable and broadband communications devices and technology — Broadband Communications Sector
http://www.motorola.com
