In yesterday's news I read that Carl Icahn thinks Motorola, the American multinational communications company, should be split up. He also mentioned, in that interview given to CNBC, that the company's mobile devision worth $10 billion. Which, according to him, is next to nothing.
"Motorola has great value. If you really split Motorola up, which I still think should happen ... you're buying that handheld business for only $10 billion, which is next to nothing."
Who is this Carl Icahn? A little research gave me this results about him.. "A great Corporate Raider famous for hostile takeovers.". This is a man who takes over very large stakes in major companies, changes their management to gain short term profits.. which, as some people say, comes at the cost of long term good of the company. His infamous deal of TWA (Trans World Airlines) made him famous as an "Imperial Shareholder" to the wold. The legendary airlines company got sold to its competitors after Icahn bought it in 1985. Nevertheless, Icahn made huge profit out of it.
So now when he talks of splitting Motorola into two parts, one can easily see his intentions. But when an hyena's eye falls on you, does that mean you are dying? The lately troubled mobile company has to answer it himself.
Links to Read:
http://en.wikipedia.org/wiki/Carl_Icahn
http://www.woopidoo.com/biography/carl-icahn/index.htm
http://en.wikipedia.org/wiki/Trans_World_Airlines
http://en.wikipedia.org/wiki/Motorola
"Motorola has great value. If you really split Motorola up, which I still think should happen ... you're buying that handheld business for only $10 billion, which is next to nothing."
Who is this Carl Icahn? A little research gave me this results about him.. "A great Corporate Raider famous for hostile takeovers.". This is a man who takes over very large stakes in major companies, changes their management to gain short term profits.. which, as some people say, comes at the cost of long term good of the company. His infamous deal of TWA (Trans World Airlines) made him famous as an "Imperial Shareholder" to the wold. The legendary airlines company got sold to its competitors after Icahn bought it in 1985. Nevertheless, Icahn made huge profit out of it.
So now when he talks of splitting Motorola into two parts, one can easily see his intentions. But when an hyena's eye falls on you, does that mean you are dying? The lately troubled mobile company has to answer it himself.
Links to Read:
http://en.wikipedia.org/wiki/Carl_Icahn
http://www.woopidoo.com/biography/carl-icahn/index.htm
http://en.wikipedia.org/wiki/Trans_World_Airlines
http://en.wikipedia.org/wiki/Motorola
