WASHINGTON (dpa-AFX) - Motorola Mobility, Inc. (MMI) on Thursday commented on Carl Icahn's amended schedule 13D filing suggesting that the company explore alternatives regarding its patent portfolio.
Motorola Mobility said its 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 its seholders.
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,' the company said in a statement.
The latest move by Icahn, Motorola's biggest shareholder, follows Nortel Networks Corp.'s (NRTLQ.OB) recent sale of technology patents for $4.5 billion and InterDigital Inc's (IDCC) announcement earlier this week that it would look at selling itself.
Motorola Mobility shares are currently trading at $26.02, up $3.61 or 16.11%.
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