Motorola Solutions
| File:Motorola solutions logo.png | |
| 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 |
US$ 8.698 billion (2012) 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.
Contents
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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- ↑ http://www.chicagotribune.com/business/ct-motorola-solutions-chicago-jobs-0916-biz-20150915-story.html
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External links
- Pages with broken file links
- Official website not in Wikidata
- Companies based in Cook County, Illinois
- Companies established in 2011
- Companies listed on the New York Stock Exchange
- Motorola
- Networking companies of the United States
- Radio-frequency identification companies
- Schaumburg, Illinois
- Telecommunications equipment vendors
- 2011 establishments in Illinois
