The vote by Motorola shareholders on Monday to keep Carl Icahn off the board of directors resolves one issue for the struggling cell phone maker, but it leaves the company facing a host of fundamental problems, including how to shore up its flagging share price and rejuvenate its line of handsets.
Analysts said Schaumburg, Ill.-based Motorola will face renewed pressure on its share price, which has been buoyed in recent weeks by expectations that Icahn, an “activist” investor, would win a seat on the board and push for operational changes. The stock closed down 38 cents, or 2.1 percent, at $17.70 per share Tuesday
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