Motorola shares soar on possible breakup

January 31, 2008

Motorola chairman Ed Zander gives a keynote speech at the 2007 International CES in Las Vegas, Nevada January 8, 2007. The company 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. (Steve Marcus/Reuters)AP - Motorola Inc.’s investors were placated for at least a day — and sent its battered stock soaring 10.3 percent Friday — after the company signaled it may get out of its trademark cell-phone business.

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