Motorola Eyes Split Into Two In January

Motorola Inc is aiming to separate the company into two separate entities as soon as January, according to Greg Brown, its Co-Chief.

The company had previously said it would separate the company in the first quarter into two parts: Motorola Mobility, which will sell mobile handsets and television set-top boxes, and Motorola Solutions, which will supply wireless technology to governments and enterprises.

Brown, who will head Motorola Solutions, said that he expects that business to grow in a range of 4 percent to 5 percent in 2011 and set a long-term growth target of 5 percent to 8 percent.