Motorola Solutions
 | |
| Public | |
| Traded as |
NYSE: MSI S&P 500 Component |
| Industry | Telecommunications equipment |
| Predecessor | Motorola, Inc. |
| Founded | January 4, 2011 |
| Headquarters | Chicago, Illinois, U.S. |
Key people | Greg Brown (Chairman and CEO) |
| Products | Two-way radios, radio systems, managed services and smart public safety applications |
| Revenue | |
| Total assets | |
| Total equity | |
Number of employees | 15,000 (2014)[3] |
| Website |
www |
Motorola Solutions, Inc. is an American data communications and telecommunications equipment provider that succeeded Motorola, Inc., following the spinoff of the mobile phone division into Motorola Mobility in 2011. The company is headquartered in Chicago, Illinois.[4]
Motorola Solutions sold its enterprise mobility solutions business to Zebra Technologies in a transaction that was completed on October 27, 2014.[5] It also previously had a Networks division, which it sold to Nokia Siemens Networks in a transaction that was completed on April 29, 2011.[6] In the former Motorola parent company, it was the second largest division based on revenue.
History
Motorola Solutions comprises the previous Government 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, under the NYSE symbol "MSI".[3] It is the legal successor of the old Motorola, Inc.; the transaction was structured so the old Motorola changed its name to Motorola Solutions and spun off Motorola Mobility as a separate company.
In August, 2015, the company received a $1bn investment from Silver Lake Partners the technology specialized Private Equity firm [7] enabling a stock buyback and providing Silver Lake with two board seats. In the Q3 earnings call, Greg Brown described the private equity firms as "operationally connected into the business in a pretty seamless way", "partnering around managed and support services, as well as public, smart public safety and specifically some of the software areas. There is also an initiative we are launching with them around cost of goods, or what I would call above gross margin, both product and services".[8]
In December, 2015, the company announced that it would acquire Airwave, the UK based operator of the British public safety radio network servicing the police, fire and ambulance services across England, Scotland and Wales.[9]
Corporate structure
The company produces public safety and government products. Motorola develops analog and digital two-way radio, voice and data communications products and systems, Wireless LAN security, and mobile computing devices, among others.
Legal controversies of the parent company
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.[10]
In January 2003, Motorola was sued by the shareholders for concealing a huge loan. Motorola agreed to pay $190 million to conciliate the lawsuit in 2007.[11]
In August 2007, a class action lawsuit was announced against Motorola for artificially inflating the stock price through false and misleading statements.[12] In 2012, a $200 million settlement was reached.[13]
In January 2010, Motorola was sued for intentionally misstating the earnings projections and sales demands for the RAZR2 during the 2007 holiday shopping season. A settlement of $3.15 million was reached in June 2011.[14]
See also
References
- 1 2 3 4 5 6 7 8 "Motorola Solutions, Inc. 2013 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. February 13, 2014.
- 1 2 "Motorola Solutions, Inc. 2014 Q1 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. May 1, 2014.
- 1 2 "2014 Form 10-K, Motorola Solutions, Inc." (PDF). United States Securities and Exchange Commission.
- ↑ http://www.chicagotribune.com/business/ct-motorola-solutions-chicago-jobs-0916-biz-20150915-story.html
- ↑ "Zebra Technologies Completes Acquisition of Motorola Solutions’ Enterprise Business". MotorolaSolutions.com. Retrieved 2014-10-27.
- ↑ "Nokia Siemens Networks completes acquisition of certain wireless network infrastructure assets of Motorola Solutions". Nokiasiemensnetworks.com. Retrieved 2013-09-21.
- ↑ "Motorola Solutions gets $1B investment 'accelerant'".
- ↑ "MSI earnings conference call or presentation 4-Nov-15 1:30pm GMT".
- ↑ "Motorola Solutions to acquire UK-based Airwave for $1.2 billion".
- ↑ "Freeland v. Iridium World Communs., Ltd." (PDF). Files.Shareholder.com. Retrieved 2013-09-21.
- ↑ "Motorola conceals the huge borrowed money and is sued". My.Opera.com. Retrieved 2013-09-21.
- ↑ "Motorola, Inc.: 2007 lawsuit". Securities.Stanford.edu. Retrieved 2013-09-21.
- ↑ "Motorola Solutions to Pay $200 Million to Settle Shareholder Suit". Chicago Tribune. Retrieved 2013-09-21.
- ↑ "Motorola, Inc.: 2010 lawsuit". Securities.Stanford.edu. Retrieved 2013-09-21.
External links
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