Comment Re:Motorola should thank the Streisand effect (Score 5, Informative) 15
Some brief history (from memory, not AI, so a few facts may be wrong here and there):
Motorola was founded in 1928 as Galvin Manufacturing Co. After creating the first commercial car radio in 1930 (the "Motor Victrola", or "Motorola") they renamed the company. It has a long history of creating new businesses and then either spinning them off or selling them outright to other companies (usually right before they become low margin / commodity). Televisions, pagers, semiconductors, etc.
The handset (and cable modem, set-top box, and cable infrastructure) business was spun off in 2011. The only unusual thing about that transaction was that due to the significant consumer brand recognition for handsets at the time, the new company took the "Motorola" name, while the old company was renamed again to Motorola Solutions (but can still put the "Motorola" name on non-consumer products like police radios, etc.). Yes, this is confusing.
Then, Google bought that company, sold the cable business to Arris, stripped out the core handset engineering teams (which now design Pixel phones for Google), and sold the rest to Lenovo for just under $3B.
Motorola Solutions currently has a market cap around four times larger than all of Lenovo, not just the part of Lenovo descended from the Motorola handset division they eventually bought from Google. They still make police radios, but also body worn cameras, command center solutions (911 call-taking, dispatch, etc.) and a whole bunch of fixed surveillance cameras under various brands.
Motorola was founded in 1928 as Galvin Manufacturing Co. After creating the first commercial car radio in 1930 (the "Motor Victrola", or "Motorola") they renamed the company. It has a long history of creating new businesses and then either spinning them off or selling them outright to other companies (usually right before they become low margin / commodity). Televisions, pagers, semiconductors, etc.
The handset (and cable modem, set-top box, and cable infrastructure) business was spun off in 2011. The only unusual thing about that transaction was that due to the significant consumer brand recognition for handsets at the time, the new company took the "Motorola" name, while the old company was renamed again to Motorola Solutions (but can still put the "Motorola" name on non-consumer products like police radios, etc.). Yes, this is confusing.
Then, Google bought that company, sold the cable business to Arris, stripped out the core handset engineering teams (which now design Pixel phones for Google), and sold the rest to Lenovo for just under $3B.
Motorola Solutions currently has a market cap around four times larger than all of Lenovo, not just the part of Lenovo descended from the Motorola handset division they eventually bought from Google. They still make police radios, but also body worn cameras, command center solutions (911 call-taking, dispatch, etc.) and a whole bunch of fixed surveillance cameras under various brands.