Thursday, July 12, 2007

Motorola Chief's Job Is in Jeopardy After Missing Forecasts Three Times

(Bloomberg) -- Motorola Inc. Chief Executive
Officer Ed Zander's job may be in danger after sales
disappointed investors for the third time this year.

The world's second-biggest maker of mobile phones said
yesterday it had a loss last quarter. Second-quarter sales fell
as much as 21 percent to between $8.6 billion and $8.7 billion,
below the $9.4 billion Zander predicted April 18.


Read more at Bloomberg Exclusive News

No comments: