"Spin-off is great news for Motorola Israel"

Motorola Solutions Israel CEO Shimon Dick: The spin-off of Motorola Mobility restores our focus.

"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.

"The move was based on a broad strategic perspective and understanding of market needs, especially the need of emergency and rescue services organizations for new and advanced communications solutions for the next decade. These solutions will be key tools for saving lives, protecting lives, and improving enterprise work procedures," Dick said.

Dick added that Motorola Solutions Israel would continue to be responsible for operations in Africa, where growth is rapid. He said that the Israeli center was the only Motorola branch that handled development and sales for Africa. Motorola Israel has 1,500 employees, including 800 engineers. Last month, the company completed its move from Tel Aviv to a premises at Airport City.

Published by Globes [online], Israel business news - www.globes-online.com - on January 4, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

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