Motorola yesterday appeared to have bowed to pressure from Carl Icahn, the activist billionaire investor, who has been hounding the company to separate its ailing handset business.
Mr Icahn, the company's second-largest shareholder with a stake of 6.45 per cent, has been seeking to place four of his own candidates on the Motorola board at its annual meeting on May 8, in order to shape the future direction of the company.
