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Thursday, January 31, 2008 8:38:28 PM
Motorola To Consider Separating Mobile Phone Unit
MOT Jan 2009 17.5000 call (VMAAW) #msg-26305111 will be looking good :)
Motorola Inc. (MOT), apparently bowing to pressure to consider breaking apart the company, said late Thursday that it may separate its struggling cellphone division from its other businesses.
Such a move would be aimed at turning around a unit that produced just over half of Motorola's revenue in 2007, down from two-thirds of its revenue in 2006, and improving the value of the company's shares.
Shares recently gained 11% to $12.78 in after-hours trading, after rising 1.9% to close Thursday's regular session at $11.50.
http://money.cnn.com/news/newsfeeds/articles/djf500/200801311846DOWJONESDJONLINE001136_FORTUNE5.htm
MOT Jan 2009 17.5000 call (VMAAW) #msg-26305111 will be looking good :)
Motorola Inc. (MOT), apparently bowing to pressure to consider breaking apart the company, said late Thursday that it may separate its struggling cellphone division from its other businesses.
Such a move would be aimed at turning around a unit that produced just over half of Motorola's revenue in 2007, down from two-thirds of its revenue in 2006, and improving the value of the company's shares.
Shares recently gained 11% to $12.78 in after-hours trading, after rising 1.9% to close Thursday's regular session at $11.50.
http://money.cnn.com/news/newsfeeds/articles/djf500/200801311846DOWJONESDJONLINE001136_FORTUNE5.htm
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