|
|
Motorola Details Chip-Spinoff Plans.
- Article from:
-
Austin American-Statesman (Austin, Texas) (viaKnight-Ridder/Tribune Business News)
- Article date:
-
December 17, 2003
|
Copyright informationCOPYRIGHT 2003 Austin American-Statesman. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Kirk Ladendorf
Dec. 17--Motorola Inc.'s Austin-based semiconductor business took a bold step toward its future as a stand-alone company Wednesday with its first regulatory filing for an anticipated $2 billion stock offering.
The filing offers an early glimpse of the company the spinoff plans to become and the help its parent plans to give. It will have relatively low debt, a fat wad of cash, a huge patent portfolio and a game plan that calls for buying the technology and the products it needs to bolster its portfolio.
And the company will not have an employee pension plan, making it more like Dell Inc. than the traditional company it has been part of for ...