Motorola to split off handset unit

Shares of MOT are 5% higher in extended trading, but are down nearly 40% year-to-date.

The suburban Chicago-based cell phone maker has been under pressure from billionaire investor Carl Icahn for changes meant [to] revitalize its cell-phone business. The cell phone unit has seen its sales and stock price plummet with the company unable to produce second act to the once-popular Razr phone.