Motorola Solutions

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Motorola Solutions, Inc.
Public
Traded as NYSEMSI
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
  • Decrease US$ 8.696 billion (2013) [1]
  • Increase US$ 8.698 billion (2012) [1]
  • Decrease US$ 1.215 billion (2013) [1]
  • Increase US$ 1.256 billion (2012) [1]
  • Increase US$ 1.099 billion (2013) [1]
  • Decrease US$ 0.881 billion (2012) [1]
Total assets
  • Decrease US$ 11.851 billion (2013) [2]
  • Decrease US$ 12.679 billion (2012) [1]
Total equity
  • Increase US$ 3.689 billion (2013) [2]
  • Decrease US$ 3.290 billion (2012) [1]
Number of employees
15,000 (2014)[3]
Website www.motorolasolutions.com

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

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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.

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.[7]

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.[8]

In August 2007, a class action lawsuit was announced against Motorola for artificially inflating the stock price through false and misleading statements.[9] In 2012, a $200 million settlement was reached.[10]

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.[11]

See also

References

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  4. http://www.chicagotribune.com/business/ct-motorola-solutions-chicago-jobs-0916-biz-20150915-story.html
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External links