I know that Carl Icahn wanted to do this all along. If he'd had his way a year ago, maybe the stock price wouldn't be in the toilet today. I feel sorry for all the fired Moto workers and long-time shareholders that are feeling grief in this near recession economy while the higher up guys get fat bonuses. It's hard to imagine a company getting run into the ground so badly. I was happy to see at least a small jump in share price today, but that barely covers a month's loss.
I doubt if any Chinese company will buy the handset division. I guess it will be dumped for a major loss. More hurt for shareholders.
Reader Comments (Page 1 of 1)
Steffen Jobbs @ Jan 31st 2008 8:37PM
I know that Carl Icahn wanted to do this all along. If he'd had his way a year ago, maybe the stock price wouldn't be in the toilet today. I feel sorry for all the fired Moto workers and long-time shareholders that are feeling grief in this near recession economy while the higher up guys get fat bonuses. It's hard to imagine a company getting run into the ground so badly. I was happy to see at least a small jump in share price today, but that barely covers a month's loss.
I doubt if any Chinese company will buy the handset division. I guess it will be dumped for a major loss. More hurt for shareholders.