Motorola to put $3.5 billion into mobile phone unit

Motorola is set to spit into 2 business units during Q1 2011: an enterprise networking unit and a mobile phone and TV set-top boxes unit. Today Marc Rothman, Motorola CFO, said the plans are to put $3.5 billion into the mobile phone/TV Box unit and use the funds to expand and help pay for acquisitions (probably software makers). Motorola decided 3-years ago to have their devices run off Google’s Android platform and have released the Milestone, Dext, Quench, Backflip, Flipout and Charm.

Source: Business Week
Via: PhoneScoop