Motorola Mobility Comments on Carl Icahn’s 13D Filing
July 21, 2011
LIBERTYVILLE, Ill. – July 21, 2011 – Motorola Mobility, Inc. (NYSE: MMI) today commented on Carl Icahn’s amended schedule 13D filing suggesting that the Company explore alternatives regarding its patent portfolio.
Motorola Mobility’s Board of Directors and management team continuously reviews the Company’s strategic direction and opportunities that it believes are in the best interests of the Company and all of its stockholders. Since Motorola Mobility became a new, independent public company in the first quarter of 2011, it has delivered innovative products and solid growth, including 22% revenue growth during its first quarter. Motorola Mobility has achieved these results, in part due to the fact that it has one of the strongest and most respected patent portfolios in the industry with over 17,000 patents and 7,500 pending.
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