Friday, February 1, 2008
Motorola said it might spin off or sell its handset business in response to pressure from Carl Icahn. An early leader in the industry, Motorola's market share has declined in recent years, and the industry faces continued challenges to innovate. Icahn said he plans to run a proxy campaign this spring to replace four or five directors. WSJ, Motorola to Spin Off Handset Unit, As Icahn Waits.