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Tech stocks were mostly in the red Monday though Motorola(MOT Quote) bucked the trend after it announced a new head of its mobile devices business.
Shares of Motorola jumped 90 cents, or 10.3%, to $9.72 after the company named a former Qualcomm(QCOM Quote) executive Sanjay Jha as head of its handset business.
The move is seen as a significant step towards spinning off the division into a separate public company. Motorola is currently working to split its operations into two separate publicly traded companies following significant shareholder pressure including that from activist investor Carl Icahn. ...
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