Motorola May Fight to Keep Icahn Off Board
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Comments suggest that Motorola may stand up to Carl C. Icahn as he presses the chief executive to use $11.2 billion in cash to buy back stock and reward investors.
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Company said Thursday that it's seeking alternatives that might include selling off its cell phone business.
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A troubled Motorola has realigned itself as its criticalÂ cell-phone business slows down.
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U.S. billionaire investor Carl Icahn wants Motorola Inc  to return more of its $12 billion in cash to shareholders and take on more debt, according to a report on CNBC on Tuesday.
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The head of Motorola Inc.'s cell phone business resigned Friday, focusing new attention on a division whose performance has faltered after two years of success fueled by Razr handsets.
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Activist investor Carl Icahn  threatened on Friday to launch a proxy battle for control of  BEA Systems Inc  if the software maker does not begin  an auction process to sell itself.
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Motorola Inc  expects a  challenging year, with recovery in its money-losing mobile  devices business taking longer than expected, Chief Executive  Greg Brown said on Wednesday.
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InfoWorld - The day after&#160;announcing that 4,000 employees will be laid off, Motorola CEO Ed Zander told investors that he plans to boost profits with a wide range of multimedia handsets instead of relying on a single blockbuster product like the Razr cell phone.
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Financier Carl Icahn ended his bid for  Reckson Associates Realty Corp. , the Wall Street Journal  reported on its Web site on Tuesday, a move that illustrates  the difficulty activist shareholders face in challenging  management.
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Billionaire investor Carl Icahn said on   Thursday he is seeking approval from shareholders of ImClone   Systems Inc. IMCL.O to remove six directors from its board,   including the chairman and the interim chief executive, and   bring in one of his own nominees.
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As Motorola considers spinning off its cell phone business, CNET takes a look at the company's hits and misses.
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Sprint's negotiations to buy Nextel have ignited fears that Motorola will lose its exclusive deal to supply phones and equipment to Nextel.
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Dell's no business like mobe business Dell's ardour for the mobile phone business seems very much cooled. When asked yesterday about the company's possible interest in buying up Motorola's mobile phone business, Michael Dell responded that the company is "more focused on the computer business", and wouldn't be drawn further.â¦
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Motorola Inc.'s investors were placated for at least a day Â and sent its battered stock soaring 10.3 percent Friday Â after the company signaled it may get out of its trademark cell-phone business.
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Company urges shareholders not to sign proxy cards for billionaire Carl Icahn, who wants a seat on Motorola's board.
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Motorola Inc , the world's No. 3 mobile phone maker, said on Thursday it is exploring strategic alternatives including a possible separation of its mobile devices business from other units.
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Motorola Inc. is weighing the possible sale of its mobile unit after the company saw sales of its phones and other devices drop 33% during the last year.