NEW YORK – Shares of cell phone maker Motorola Mobility Holdings surged Thursday to four months after activist investor Carl Icahn disclosed that he encourages companies to extort from a broad patent portfolio. Icahn said there are several ways to take advantage of the company's patents. Icahn is the largest shareholder of the company on March 31, has a 11. 4 percent. Motorola said Thursday that it continues to review the options and that the velocity of mobile phone sales in part because of his scrambling patents.
There 17,000 's to patents by technology companies as they strive to shore up their defense litigation. Almost every other manufacturer sued the maker of smartphones for a few weeks ago patents. Three, a consortium including Apple Inc. , Research In Motion Ltd. , Microsoft Corp.
and Sony Corp. promised to pay $ 4500000000 for a collection of patents from Nortel Networks, the Canadian telecommunications equipment maker went bankrupt. Googlenc, which provides Motorola with a software for smartphones. , is counterbidder. In filings with the Securities and Exchange Commission, Icahn said Motorola's patent portfolio is On "is substantially greater than the Nortel Networks and includes a variety of patents on 4G technologies.
" Wednesday, photography company Eastman Kodak Co. said it is seeking ways to convert a 1100 collection of patents in digital imaging into the money, possibly through the sale. It hired investment bank Lazard to shop. It has sued Apple and RIM, the maker of BlackBerry phones, saying they violate the Kodak camera in patents. Though Motorola phone is now only a small player in the global mobile phone market, is a technology pioneer and the second largest mobile phone maker in the world just five years ago.
That means he has patented a cell phone far more than the size suggests. Icahn Motorola has succeeded in piercing before. He pushed Motorola Inc. to share the screen, the original that investors will find the parts that are more valuable than the whole. Motorola split into two companies in January.
Motorola Mobility consists of consumer-focused mobile phones and cable set-top box operation. Motorola Solutions Inc. sells products such as police radios and bar-code scanner for government and corporate customers. Shares Motorola Mobility Holdings has fallen since the split, but rose as high as $ 27. 70 on Thursday, levels not seen since the beginning of the Motorola Mobility Holdings March.
Shares Inc. , based in Libertyville, Ill. , rose $ 3. 49, or 16 percent, to $ 25. 90 in late day trading.
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