Icahn Seeks Board Seat at Motorola
606489
Carl C. Icahn, who has made a career of agitating for change at large companies, wants Motorola to use its $10.5 billion cash pile toward a huge buyback of shares.
235342
After shooing away Oracleâs $6.7 billion takeover bid, BEA dug in its heels for a potentially disruptive battle with its largest shareholder, the activist investor Carl Icahn.
448086
Freescale Semiconductor Chairman and CEO Michel Mayer will leave his posts as soon as a replacement is found, the company said Friday.&quot;The time is right for me and my family to take some time off before exploring new challenges. The company is well positioned to continue its transformation,&quot; Mayer said in a statement.Freescale officials didn&#39;t respond to requests for comment.Mayer led the company when it spun off from Motorola&#39;s semiconductor group and went public in 2004. He also played a role in Freescale&#39;s buyout by four private equity firms in 2006 for $17.6 billion. The equity firms included The Blackstone Group, The Carlyle Group, Permira Funds and Texas Pacific Group.However, the company has been struggling financially, posting a loss of $525 million on sales of $1.54 billion in the fourth quarter of 2007. For 2007, the company reported a loss of $1.6 billion on net sales of $5.7 billion. Freescale&#39;s sales totaled $6.36 billion in 2006.The company&#39;s key customer remains Motorola, to which it sells chips for wireless handsets, networking infrastructure and other devices such as set-top boxes. Motorola, which is struggling financially and saw a management shakeup in recent months, is considering spinning off its handset business. Ed Zander announced in December that he would step down as Motorola&#39;s CEO.
222110
Reckson Associates Realty Corp. , a New York area office landlord, on Friday again asked a group formed by billionaire Carl Icahn and real estate magnate Harry Macklowe for additional information concerning their proposed plan to buy Reckson.
402992
(InfoWorld) - A troubled Motorola has realigned itself as its criticalÂ cell-phone business slows down. The company sketched out the reorganization in a U.S. Securities and Exchange Commission filing Tuesday, two days before it is set to announce its second-quarter financial results. Last week, Motorola slashed its earlier revenue forecast for the quarter and predicted a larger loss, blaming lower phone sales. It also named a new chief of its mobile unit, Stu Reed. Other recent changes in the executive ranks have also rocked the company. Motorola is now split into three divisions: Mobile Devices, Home and Networks Mobility, and Enterprise Mobility Solutions. The company is moving its Good Technology mobile e-mail software business from the Mobile Devices division into Enterprise Mobility Solutions. Its carrier equipment business has been combined with home broadband products in the Home and Networks Mobility segment with the new enterprise unit focusing on private network products. The Home and Networks Mobility group is responsible for set-top boxes and digital video systems for carriers, home DSL and cable modems, and wired and wireless broadband network gear. The Enterprise group encompasses analog and digital two-way radio and other voice and data communications systems for government, businesses and Motorola's large public safety customer base. Good Technology, whichÂ Motorola acquiredÂ in a deal completed in February, is a mobile messaging platform with enterprise features like centralized lockdown of unwanted applications on the phone. It competes against Research in Motion's BlackBerry system and Nokia's Intellisync technology. After the rousing success of the slim Razr handset, which started out as a premium-priced bauble and quickly became a mass-market commodity, Motorola has had trouble coming out with an encore. A Razr 2 is expected later this year. New handsets from Nokia, Samsung, and LG Electronics had stolen the spotlight even before Apple's iPhone, which debuted June 29, became the talk of the industry. Meanwhile, sales for all makers have stagnated in higher-priced markets like North America and Europe while rising in lower-priced India and China, according to industry analysts. Last Wednesday, Motorola said it expected to report 35 million to 36 million handset sales in the second quarter, down from 45.5 million in the previous quarter. Its revenue forecast dropped from $9.4 billion to between $8.6 billion and $8.7 billion. The company now expects to lose between $0.02 and $0.04 in the quarter.
65675
Another possible suitor has emerged in the Hollywood Entertainment Corp. takeover fray: billionaire Carl Icahn.
608460
ImClone Systems Inc. IMCL.O   shareholders on Wednesday elected Carl Icahn and two of his   associates to its board in the hope the billionaire investor   can help stabilize the company after a series of blows that   could hurt sales and limit its strategic options.
591251
Billionaire financier Carl Icahn  charged ahead on Monday with a $49 per share offer for New York  office landlord Reckson Associates Realty Corp.  although  his two partners withdrew from the bidding.
260832
BOSTON  â The investor Carl C. Icahn said on Monday that he was trying to get three supporters elected to the board of the biotechnology firm Biogen Idec because of concerns over the sales process.
582490
ImClone Systems Inc.'s IMCL.O chairman   lashed out on Thursday at the company's newest board member,   billionaire investor Carl Icahn, in what looks set to become a   bitter feud at a time the company can least afford it.
632050
Billionaire financier Carl Icahn has  filed for regulatory approval to buy up to $1 billion of  Temple-Inland Inc. TIN.N shares, the company said on Friday,  pushing shares in the packaging and building materials maker to  all-time highs.
768811
After shooing away Oracle Corp.'s $6.7 billion takeover bid, business software maker BEA Systems Inc. dug in its heels for a potentially disruptive battle with its largest shareholder, activist investor Carl Icahn.
359590
CHICAGO -- Chief Executive Officer Ed Zander's job at Motorola Inc. is on the line more than ever after he warned that the struggling company's cell phone unit will be unprofitable at least until 2008.
305147
Blog: A board member says a BusinessWeek story claiming that the mobile-phone maker's board is looking to replace its chief executive is wrong.
140017
SAN FRANCISCO, Oct. 26  â The business software maker BEA Systems signaled its intent to let Oracleâs $6.7 billion takeover bid expire Sunday, setting the stage for a showdown with its largest shareholder, the billionaire investor Carl C. Icahn.
660468
Billionaire investor Carl Icahn on   Wednesday told ImClone Systems Inc.'s IMCL.O chairman, David   Kies, that he expects Kies to make good on a promise to give up   his job at the biotechnology company.
576076
Motorola Inc.  said on Tuesday that billionaire investor Carl Icahn will seek a seat on the board and has taken a 1.4 percent stake in the company, pushing the cell phone maker's shares up more than 6 percent.