NEW YORK, ( TheStreet) -- Google's ( GOOG) Android helped phone maker HTC become the fastest-growing smartphone shop in the third quarter.
While overall mobile phone sales remained flat compared with year-ago levels, the smartphone segment of the market is still hot, logging a 12% annual gain, according to Gartner. And the trends within the smartphone sector continue to show more of the big shift from stalwarts like Nokia ( NOK) and Motorola ( MOT) to a quickly rising cohort of HTC, Apple ( AAPL) and Research In Motion ( RIMM). The shift is a familiar one for Nokia, which has been helpless in its attempts to defend its top spot against the popular iPhone, the expanding consumer appeal of BlackBerrys, and now the rise of Android-powered Google phones. Verizon's Other Droid Phone Nokia saw modest 4% growth in the past year. But that lagged behind the industry's 12% growth rate, causing the Finnish phone giant to lose 3 percentage points of its share of the market.
While Icahn will end a campaign run directly to eBay shareholders to have the company split PayPal and remove some board members, the settlement opens up a dialogue between both parties that Icahn believes may eventually lead to a PayPal spinoff.