Jan 6, 2011

#BDS: "Spin-off is great news for Motorola Israel"

"The spin-off is great news for Motorola Israel," Motorola Solutions Israel CEO Shimon Dick told "Globes", "because Motorola Solutions is expected to increase its investment in the technologies in which Israel has accumulated decades of world-class experience and expertise. This spin-off is therefore a lever for the growth of activity in Israel."
Work at Motorola Inc. began today as two separate companies: Motorola Solutions Inc. (NYSE: MOT) and Motorola Mobility Holdings Inc. (NYSE: MMI), which will continue to develop, manufacture, and market mobile devices. The spin-off of the mobile division came after over two years of preparations aimed at refocusing the two companies on their core businesses.
Dick said, "We were too dispersed. This spin-off restores our focus. At the global level, Israel has a respected place, and the development center here is one of Motorola's largest in the world. We do a lot of innovative work here that I cannot comment on."

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