Motorola to split into two by next year

8220;The board of directors support the planned separation of Motorola into two industry-leading public companies. We believe this structure provides significant operational and strategic flexibility for both the companies,positions them for future success and enhances long-term shareholder value,8221; Motorola Board Chairman David Dorman said.

The Schaumburg,Illinois-based company8217;s co-chief executive officer Sanjay Jha would serve as CEO of the mobile devices and home businesses effective immediately.

The business will offer a comprehensive portfolio of mobile converged devices,digital entertainment devices in the home,end-to-end video,voice and data solutions.

8220;The combination of mobile devices and our home business brings together two highly complementary and innovative organisations.

Our expanding portfolio of smartphones and end-to-end video content delivery capabilities will enable us to provide advanced mobile media solutions and multi-screen experiences for our customers,8221; Jha said.