Motorola takes Icahn’s split-up advice
Motorola (MOT) cried uncle. The struggling cell phone maker said after trading closed Thursday that it might have to separate its money-losing mobile devices business from the profitable networks businesses - just as activist investor Carl Icahn has been demanding. The move comes just a week after the company said the handset unit “remains challenged,” to the tune of a 38% drop in fourth-quarter sales. “The recovery in Mobile Devices will take longer than expected and there is a lot more work to be done,” new CEO Greg Brown said back on Jan. 23. Now, it seems that some of the work involves shopping the unit for a sale or perhaps trying to arrange a possible spinoff. Beyond the typical corporatespeak, Motorola remains vague about what exactly might be done, or why. “The company’s alternatives may include the separation of Mobile Devices from its other businesses,” Motorola said, “in order to permit each business to grow and better serve its customers.” Of course, the customer - as former chief Ed Zander learned the hard way - is always right.
- Biovail unit pleads guilty in kickback probe
- Ex-NBA star a deadbeat?
- Abercrombie profit rises
- Update: Subprime ace backs Icahn in Yahoo fight
- Yahoo’s Cuban sandwich
- Icahn starts Yahoo proxy fight
- Countrywide lawsuit moves forward
- CBS buying CNet in online push
- Icahn going after Yahoo board
- JPMorgan making room for Bear workers
- If Microsoft is allowed to buy Yahoo,... More
- Steve, thanks for the comments. Mos... More
- I was one of those people who lost th... More
- CNET is a great source of online cont... More
- This guy a bully, nothing more nothin... More
- Matt, You are absolutelty right. Br... More
- Yahoo is a dieing entity it needs a f... More
- Daryl The reason the Fed will appr... More
- When is the info going to be disclos... More
- WHY would the government approve a me... More
- Accrued Interest
- Aleph Blog
- Bespoke Investment Group
- Big Picture
- Calculated Risk
- Dealbook
- Econbrowser
- Felix Salmon
- Financial Armageddon
- Footnoted
- FT Alphaville
- Infectious Greed
- Naked Capitalism
- RGE Monitor
- Seeking Alpha
- Information Arbitrage
- Mish's Global Economic Trend Analysis
- Fortune on CNNMoney.com




