Motorola said on Thursday it is considering separating its loss-making mobile phone unit, in an apparent concession to demands from activist investor Carl Icahn, sending its shares up 12.7 percent.
The world's third-largest mobile phone maker, which has been losing market share to Nokia and Samsung Electronics, said it was looking at a "structural and strategic realignment" to help it recapture market share and enhance shareholder value.
Carl Icahn joins the panel for this exclusive interview. Following is a synopsis of his main points.
"We believe that the company should be split," says Icahn. "Get the hand held business away from the rest of the company because you need good management in it. The hand held business, as I've said before, is a great business, but it's a very arcane business. You need a top person to run that. And that top person has to be brought in."
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