It's official: Motorola to spin out handset biz

Motorola announced today that it will split itself into two independent and publicly traded firms, one focused on broadband and enterprise mobility, and the other focused on mobile devices. The announcement comes just days after activist investor Carl Icahn filed a lawsuit against Motorola that requested documents detailing the company's business strategy. The move also follows about two months of review by Motorola officials. Icahn suggested Motorola split into separate business units the day after former Motorola CEO Ed Zander announced his departure at the end of last year.

For more:
- read this story at The Wall Street Journal