February 19, 2008 |
Motorola Inc. has sued Research in Motion Ltd., claiming that the Canadian company's BlackBerry wireless e-mail device violates seven U.S. patents covering mobile-communications technology. Motorola, the biggest U.S. maker of mobile phones, said Research in Motion was using the inventions without permission and asked a federal judge in Marshall, Texas, to order a stop. Motorola also is seeking cash compensation for past infringement of the inventions, according to the complaint filed Saturday.
December 1, 2007 |
Ed Zander is out as Motorola Inc.'s chief executive after four years during which he led the cellphone maker's Razr-led resurgence but ultimately took the blame for strategic gaffes and product whiffs that led to the company's decline. Motorola's announcement Friday that Zander was resigning and that President and Chief Operating Officer Greg Brown would succeed him Jan. 1 produced a muted reaction on Wall Street.
September 1, 2007 |
Motorola Inc. didn't knowingly mislead investors about the prospects of its failed Iridium satellite unit, a bankruptcy judge ruled Friday. It couldn't be proven that Iridium was insolvent before its 1998 launch, U.S. Bankruptcy Judge James Peck in New York said in a written ruling. His finding will prevent Iridium creditors from recovering at least some of the $3.
July 12, 2007 |
Motorola Inc., the world's second-biggest maker of mobile phones, said Wednesday that it would post a loss in the second quarter after sales missed its forecasts for the third time this year. The announcement stepped up pressure on Chief Executive Ed Zander. He may have until the end of the year before investors push for a replacement, said James Faucette, an analyst at Pacific Crest Securities in Portland, Ore.
May 31, 2007 |
Motorola Inc. said it would cut 4,000 jobs in addition to the 3,500 it announced earlier this year. The new cuts will help save an additional $600 million, the company said. The company said it expected costs of $300 million, or 8 cents a share, in the remainder of this year tied to the latest cuts. The reductions represent about 6% of Motorola's total workforce at the end of 2006.
May 16, 2007 |
Motorola Inc. introduced a successor to its top-selling Razr handset in a bid to reverse market share losses to larger rival Nokia. The Razr2 will start selling globally in July, Chief Executive Ed Zander said. The device features an improved camera and more storage for songs. Its design uses more steel and glass than the first Razr to appeal to the higher end of the market. Zander is under pressure to fend off Nokia and Samsung Electronics Co.