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Motorola to Launch Semiconductor Company

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SCHAUMBURG, Ill., Oct. 6 -- Motorola announced today it will separate its Semiconductor Products Sector (SPS) into a publicly traded company, in keeping with its focus on communications and integrated electronic systems. Details of the transaction have not been finalized. Motorola said it is considering an initial public offering of a portion of SPS, followed by a distribution of remaining shares to shareholders in a tax-free manner, subject to Motorola board approval, favorable market conditions, regulatory approvals and other customary conditions. With its own publicly traded equity, SPS...Read full article

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    Published: October 2003
    CommunicationsMotorolaNews & FeaturesSemiconductor Products Sectorsemiconductors

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