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Is Motorola Up For Sale?
Motorola's shares took a big hit as the company lowered its sales expectations. Billionaire investor Carl Ichan subsequently raised his stake in the company as he continues to push for a board seat at Motorola. What does all of this mean? It could mean that Motorola is up for sale. But if it does, that would be one heck of a deal. Motorola has a market cap of around $45 billion or so (as of Tuesday this week). But, before you get too cynical, Motorola does have $11 billion in cash balance, making it a potentially juicy target, especially for a private equity firm. This, combined with CEO Ed Zander's decision to cancel his keynote appearance at CTIA Wireless, could mean there is something in the works even bigger than a buyout of Palm. What do you think? Is Motorola up for sale? Or is this all just buzz designed to help Motorola fight its weak financials? « Furnishing The InformationWeek Office In Second Life | Main | Could This Be The 'Longest-Running Internet Breach Ever'? » |
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