Mobile Phone News

Filed under: Motorola, ATT, Misc

We won’t say that Motorola’s on the up and up, but just after ridding itself of that pending litigation between it and Carl Icahn comes word that a fresh face will be succeeding Ed Zander as non-executive Chairman of the Board. David Dorman, former chairman and CEO of AT&T, has been selected by Moto’s Board of Directors to take over Zander’s chairman seat after he retires on May 5th. According to Greg Brown, president and CEO of the company, he feels that Dorman is “ideally suited to serve as Motorola’s chairman,” and he made known his excitement about working with Dave as it “moves forward with its plan to create two independent publicly traded companies and improve the performance of the Mobile Devices business.” Good luck in there, Mr. Dorman.

[Image courtesy of USA Today]

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Filed under: Motorola, Misc

Good news coming from the Motorola camp? Say it ain’t so! The long-standing feud between the flagging company and investor Carl Icahn has finally come to an end, and lo and behold, the pending litigation between the two has even been dismissed. Apparently the two parties managed to agree that (effective immediately) Keith Meister, a managing director of the Icahn investment funds and principal executive officer of Icahn Enterprises would be “appointed to serve on the [firm’s board of directors],” and William R. Hambrecht, founder, chairman and CEO of WR Hambrecht + Co. and co-founder of Hambrecht & Quist, would be “nominated for election” during the 2008 annual shareholders meeting. Heck, Moto’s even soliciting Mr. Icahn’s input in dealing with the hopeful separation of businesses — but then again, it would probably take advice from just about anyone given the current state of affairs.

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