Back when Motorola said it was considering “exploring the structural and strategic realignment of its businesses” we knew they were really talking about splitting off the ailing mobile devices division.  Now, after a suitably lengthy review by the management and Board of Directors, they’ve revealed that yes, they’re separating Motorola into two independent and publically traded companies: one dealing with Mobile Devices, the other (called “Broadband & Mobility Solutions”) taking Enterprise Mobility, Government and Public Safety, and Home and Networks businesses.  While there’s still regulatory hoops to be lurched through, Moto’s Board expect the divorce to take place in 2009.

“Our priorities have not changed with today’s announcement.  We remain committed to improving the performance of our Mobile Devices business by delivering compelling products that meet the needs of customers and consumers around the world … We believe strongly in our brand, our people and our intellectual property, and expect that the Mobile Devices business will be well-positioned to regain market leadership as a focused, independent company” Greg Brown, President & CEO, Motorola

The company is now looking for a new CEO for the Mobile Devices company, who will be responsible for the design, manufacture and selling of mobile handsets and accessories, together with developing “integrated software solutions” for personal communications.  They will also remain in control of Motorola’s mobile device intellectual property.