Motorola, Inc. (M&A Insight Note)

• Motorola, Inc. (Corporate Governance Quotient (CGQ)): $250.00
  ...The board is controlled by a supermajority of independent outsiders (independent outsiders greater than ##%) The nominating committee is comprised solely of independent outside directors The compensation committee is comprised solely of independent outside directors The company has a committee that oversees governance issues and the committee met in the past year The full board of directors is elected annually There are between ## and ## directors serving on the board The CEO serves on the boards of two or fewer other companies No former CEO of the company serves on the board Chairman and CEO are separated and Chairman is an independent outsider The company has governance guidelines that have been publicly disclosed on company website The performance of the board is reviewed regularly Outside directors meet without the CEO present and the number of meetings of the outside directors is specified A board approved CEO succession plan is in place Board...
• Motorola, Inc. (M&A Insight Analysis): $450.00
  ...Motorola (MOT) builds, markets and sells pro ducts, services and applications that make connections to people, information a nd entertainment through broadband, embedded systems and wireless networks. It has three segments: Mobile Devices, Networks and Enterprise, and Connected Home Solutions. MOT is the second largest mobile phone provider in the world, after Nokia. In ####, th e top five players a ggregately controlled about ##% of the wireless handset market. The following is a chronological list of key developments: July ##, ####: MOT issues Q# ## reve nue guidance above Street estimates October ##: MOT reports declining Q# pr ofit on weak sales; expects Q# sales in line with Street estimates January #, ####: MOT lowers Q# revenue guidance January ##: MOT issues Q# and FY #### revenue guidance in line with analyst estimates; plans to cut #,### jobs January ##: Icahn discloses #.#% stake, announces he is seeking one seat February ##: Mobile...
• Motorola, Inc. (M&A Insight Note): $100.00
  ...On May #, Motorola (MOT) announced the results of director elections and indicated that Carl Icahn failed to win the si ngle board seat he was seekin g. ISS had supported Icahn s candidacy based on his positive track record for creating shareholder value across a diverse universe of industrie s and the likelihood he would add a beneficial shareholder s perspective to a board facing stiff challenges in the coming months. The MOT fight had some of the same dynamics as the Heinz (HNZ) fight from last year: each contest involved a high profile yet polari zing dissident shareholder against a large cap target company willing to pull out all the stops to prevent the dissident from getting on the board. As arguably the most high-prof ile proxy fight since the Heinz contest last year, the MOT contest will be studied closel y by companies, activist shareholders and their advisors. In our view, here are some of the potential takeaway lessons. ...
• Motorola, Inc. (M&A Insight Note): $100.00
  ...As anticipated by last week s earnings warning, yester day Motorola (MOT) announced disappointing second quar ter financial results. In addi tion, the company now has backed off a promise to return its mobile devices busin ess to profitability by the end of this year. ...
• Motorola, Inc. (M&A Insight Note): $100.00
  ...On Nov. ##, Motorola (MOT) announced the re signation of chief executive Ed Zander. Earlier this year, Motorola had been target ed by activist hedge fund manager Carl Icahn and then later in the year by retail activist Eric Jackson. Both shareholders have been disappointed by the company s faltering perf ormance in recent quarters, highlighted by Motorola s recent announcement that the company had slipped to the ## position in mobile handset market share. ...