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Motorola and Carl Icahn, the guy who owns 6.4% of Motorola’s stock and has been wanting to see Motorola split up for as long as I can remember, have reached an agreement. Effective immediately Keith Meister, a managing director of the Icahn investment funds and principal executive officer of Icahn Enterprises, will be serving on the board of directors. William R. Hambrecht, founder, chairman and chief executive officer of WR Hambrecht + Co. and co-founder of Hambrecht & Quist, will be up for election to join the board of directors in May. All lawsuits Carl had against Motorla will be dropped and an attempt at a proxy bid will not occur.
In related news Videocon, the Indian company who wants to purchase Motorola’s Handset Division once the splut occurs, has decided to hire UBS to negotiate the purchase if Motorola ever agress to making it happen.
About The Author
Stefan Constantinescu
Stefan Constantinescu (@WhatTheBit on Twitter) has loved technology since as far back as he can remember. It started with computers, but in the past few years his passion has turned to mobile devices. As a mobile phone enthusiast who lives and breathes devices that connect to the internet, he knows he is not alone with this radical fascination of all things wireless. He is strongly opinionated and enjoys a good debate so leave comments in his posts and he’ll get back to you! Stefan began blogging as a hobby in the fall of 2006 and joined IntoMobile in the summer of 2007. Later he got a job at Nokia in March 2008, but as of June 2009 he has rejoined the IntoMobile team. He is currently based out of Helsinki, Finland.
