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Motorola Mobility

Intellectual Ventures sues Motorola Mobility for patent infringement

October 6th, 2011

Intellectual Ventures has filed a lawsuit in Delaware against Motorola Mobility after failing to reach a licensing agreement with the phone maker, AllThingsD reported on Thursday. The suit names six different patents. “Intellectual Ventures has successfully signed licensing agreements with many of the top handset manufacturers in the world, and has been in discussions with …

Sony Ericsson CEO: We underestimated the iPhone

October 3rd, 2011

Sony Ericsson’s CEO Bert Nordberg recently sat down for an interview with The Wall Street Journal during which he said his company “should have taken the iPhone more seriously when it arrived in 2007.” Norgberg reiterated Sony Ericsson’s intentions to dissolve its feature phone business by the middle of next year as it focuses more on …

Motorola’s next Android tablet spotted, 7-inch display possible

September 19th, 2011

Motorola Mobility CEO Sanjay Jha has noted his company’s intentions to launch a 7-inch tablet a number of times, and images of the device may have just broken cover. This is my next leaked a photo of a white tablet on Monday that, if compared to the size of the unknown phone in the background, …

Shareholder sues Motorola Mobility over Google sale

August 18th, 2011

A Motorola Mobility shareholder has initiated a class-action lawsuit against the company after CEO Sanjay Jha announced intentions to sell the firm to Google for $12.5 billion. The shareholder hopes to block the sale and argues that Motorola Mobility failed to shop around for the best price. “The offered consideration does not compensate shareholders for …

Google to cough up $2.5 billion if Motorola deal falls through

August 15th, 2011

Google has agreed to pay Motorola Mobility $2.5 billion if its planned acquisition of the cell phone vendor fails to close, Bloomberg claims. The report cites an anonymous source as having revealed the figure, which Bloomberg says is more than six times the typical breakup fee for such deals. Google announced on Monday that it plans …

Google to acquire Motorola Mobility for $12.5 billion

August 15th, 2011

Google and Motorola Mobility have announced an agreement whereby Google will acquire Motorola for $12.5 billion. The acquisition price equates to $40 per share of Motorola stock, or a premium of 63% over Friday’s closing price. The move is considered in part to be an effort that will better-align Google to compete with Apple’s iPhone, …

Motorola Mobility posts solid Q2 earnings, new smartphones and tablets inbound

July 28th, 2011

Motorola Mobility on Thursday released its second quarter 2011 earnings and despite recent analyst downgrades, the company recorded a strong quarter. Motorola posted net revenues of $3.3 billion, up 28% from the same time period last year. In addition, mobile device revenues were $2.4 billion, up 41% from the second quarter of 2010. Motorola Mobility …

Motorola Mobility stock dips following analyst downgrade

June 30th, 2011

Facing stiff competition from Samsung, LG, and Apple, Motorola Mobility has seen a slump in its share price and market share following a recent downgrade from analyst firm BMO. According to Dow Jones News Wires, Motorola Mobility’s share of the Android market took off like a rocket when it introduced the highly sought-after Motorola DROID …