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Last post 03-28-2008, 8:33 AM by Plan9. 2 replies.
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  •  03-25-2008, 6:08 PM 25685

    MOTorola Annual Shareholders Meeting/Proxy

    Reply Quote
    As it approaches, this May 1st, is the Motorola Shareholders Meeting. Mr. Icahn, who owns around 6.5% sues Motorola's management. I beleive he strongly will defend on behalf of the small investors, like some of us. Any MOT's shareholder, as of the past 6-9 months ago, has lost at least 35%, average is 65%. Icahn proposed 4 nominees in the MOT's board; the managment agreed to grant him only 2 seats, but NOT Meister, Ichan's group $80Bln fund manager.

    Read more about this at
    Icahn keeps the pressure on Motorola
    Icahn Rejects Motorola's Board Seat Offer
    Icahn sues Motorola for access to documents

  •  03-26-2008, 1:26 PM 25772 in reply to 25685

    Re: MOTorola Annual Shareholders Meeting/Proxy

    Reply Quote
    Perhaps Motorola needs to get some new hot products in the pipeline?  The RAZR took the cell phone market by storm - they need another one of those to re-energize the outlook of the company.
    tonyleachsf, Zecco Associate

  •  03-28-2008, 8:33 AM 25902 in reply to 25772

    Re: MOTorola Annual Shareholders Meeting/Proxy

    Reply Quote
    I agree with you. In the past 2 years, 217 million Razr phones sold.
    The next day of Bregg Brown offer to Icahn of 2 seats in the board, where Icahn rejected, MOT management has declared to split off the company into 2 separately, publicly traded businesses:
    1. the mobile devices -- 52% of the current MOT: $19.2 million. Gregg Brown is the CEO
    2. the broadband and mobility services: 48%: $17.7 million. Seeking for new CEO

    The details of the split has not yet declared.
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