Ed Zander

 

Judge Gives Thumbs-Up to Motorola, Zander Suit

Thank you, human frailty. You ensure job security for business journalists everywhere. This time the credit goes to Ed Zander, the former Motorola Inc. (MOT) CEO who helped the company topple from No. 1 in the handset market to wherever it is now. A federal judge is allowing a class-action suit to proceed against Motorola. […]

Moto to Spin Off Device Unit What Now?

After weeks of rumblings around the rumor mill, Motorola Inc. did what many think it should have a while ago: announced it is separating its devices business from its Broadband and Business Mobility division (in English, thats the infrastructure side of the house). Both will be standalone, publicly traded companies. Investors were huzzah-ing, with Motorolas […]

Motorola 4Q Profit Plunges 84%

Motorola Inc.s new CEO, Greg Brown, warned on Wednesday that a turnaround in the companys handset division will take longer than expected, after the equipment maker reported an 84 percent plunge in fourth quarter profits. Motorola shipped fewer wireless phones in the final quarter of 2007 and kept losing handset market share. It posted net […]

Motorola Lays Off 1,600 More Employees

Motorola Inc. said late Friday it laid off 1,600 more employees in the fourth quarter of 2007 and that the costs will create capex charges in 2008. The telecom equipment company released the information in a filing with the Securities and Exchange Commission. Motorola in the first nine months of 2007 took charges of $311 […]

Zander Out as Motorola CEO

Despite slightly improved third-quarter earnings, Motorola Inc. CEO Ed Zander on Friday said he will step down. The move comes after months of rumors that Zander, unable to turn around Motorolas mobile-phone business, would lose his job. President and COO Greg Brown, 47, will replace Zander, Motorola said on Friday. Zander, 60, will remain as […]

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