John Paczkowski

Recent Posts by John Paczkowski

New From Motorola: MOTO RAZZR "Carl Icahn Edition"

Motorola (MOT) has finally succumbed to the aggressive … “charms” of billionaire investor-provocateur Carl Icahn and appointed two of his four nominees to its board of directors. Under the terms of the deal, William Hambrecht, co-founder of Hambrecht & Quist, and Keith Meister, a managing director of the Icahn investment funds, will be nominated to Motorola’s board. In return, Icahn will drop his lawsuit against the company as well as his proxy challenge.

Another victory for Icahn, who saw his demands for a breakup of the company met last month, when Motorola announced plans to spin off its handset business. Course, these victories have yet to pay off. Icahn, who owns a 6.4% stake in Motorola, began investing in the company when its shares traded at $19. They’re now trading around $9.86.

“This is a very positive step for Motorola in that shareholder representatives will have strong input into board decisions affecting the future of our company,” Icahn said in a statement.

“Shareholder representatives” … heh.


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik