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Articles tagged with: Greg Brown and Carl Icahn
Motorola to Split Off Handset Business
NEW YORK -(Dow Jones)- Carl Icahn 1, Motorola 0.
The Schaumburg, Ill., company said Wednesday it would split off its troubled
handset business into a separate publicly traded business, relenting to demands
by the activist investor.
The move would create an independent mobile devices company, which accounted
for roughly half of Motorola's total revenue in the fourth quarter. It also
leaves standing alone a company that makes TV set-top boxes, wireless equipment,
public-safety radios and bar-code scanners. In an industry where others are
consolidating, Motorola is going the opposite route.
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Related Tags: smartphones, sprint-nextel, iden, samsung, sprint, samsung-electronics, pace, razr
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