SCHAUMBURG, Ill., Feb. 1 /PRNewswire-FirstCall/ -- Motorola, Inc.
(NYSE: MOT) confirmed receipt of notice from Carl Icahn announcing his
intent to nominate a slate of four directors to stand for election at the
Company's 2008 Annual Meeting of Stockholders. The Company has not yet
scheduled its 2008 Annual Meeting.
Motorola is currently reviewing the notice.
The notice states that the Carl Icahn entities may be deemed to
beneficially own, in the aggregate, 114,289,100 shares of Motorola common
stock, representing approximately 5% of Motorola's outstanding shares.
About Motorola
Motorola is known around the world for innovation in communications.
The company develops technologies, products and services that make mobile
experiences possible. Our portfolio includes communications infrastructure,
enterprise mobility solutions, digital set-tops, cable modems, mobile
devices and Bluetooth accessories. Motorola is committed to delivering next
generation communication solutions to people, businesses and governments. A
Fortune 100 company with global presence and impact, Motorola had sales of
US $36.6 billion in 2007. For more information about our company, our
people and our innovations, please visit http://www.motorola.com.
Motorola and its directors and executive officers may be deemed to be
participants in the solicitation of proxies from the stockholders of
Motorola in connection with the proposal described herein. Information
regarding the special interests of these directors and executive officers
in the proposal described herein will be included in any proxy statement
filed by Motorola in connection with the proposal. In addition, Motorola
files annual, quarterly and special reports, proxy and information
statements, and other information with the Securities and Exchange
Commission (the "SEC"). These documents are available free of charge at the
SEC's web site at http://www.sec.gov or from Motorola at http://www.motorola.com.
Investors should read any proxy statement filed in connection with the
proposal described herein carefully when it becomes available before making
any voting or investment decision.
SOURCE Motorola, Inc.
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Related links:
http://www.motorola.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20020307/MOTLOGO
http://www.newscom.com/cgi-bin/prnh/20020415/MOTNOTAGLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Media, Jennifer Erickson, +1-847-435-5320,
jennifer.erickson@motorola.com, or Investors, Dean Lindroth,
+1-847-576-6899, dean.lindroth@motorola.com, both of Motorola,
Inc.; or Joele Frank, or Matthew Sherman,
msherman@joelefrank.com, both of Joele Frank, Wilkinson Brimmer
Katcher, +1-212-355-4449, for Motorola, Inc.
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