Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 07 March 2008 08:40

Motorola proxy fight begins

Written by David Stellmack
Image

Investor Icahn leads the fray

Casey Keller, Motorola Inc.’s Chief Marketing Officer, has exited Motorola as a result of a restructuring at the company and a proxy fight with millionaire investor, Carl Icahn. Motorola’s mobile devices business unit has been losing market share to Samsung Electronics and Nokia for over a year.

The announcement of Keller’s leaving was announced by Motorola’s Chief Executive, Greg Brown, who indicated that Keller’s position will now be jointly run by Jeremy Dale, the Marketing Chief for the Mobile Devices Unit, and Eduardo Conrado, who handles marketing for wireless networking equipment.

Brown acknowledged that 2008 will be a challenging year for the company, which has not found a replacement product as successful as its hugely popular Razr mobile phone.

On top of the challenging business environment Motorola must also contend with Carl Icahn’s attempt to stack the Board of Directors and gain more control of the company. Icahn has proposed a slate of four directors to be voted upon at Motorola’s upcoming Annual Shareholder Meeting in May, and Motorola has advised its shareholders not to vote for them.

Carl Icahn loves a good scrap and won’t give up easily. It looks like Motorola is facing some rough waters ahead.

Last modified on Friday, 07 March 2008 08:52

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments