Motorola chief faces axe after profit warning

Motorola's embattled chairman and chief executive, Ed Zander, is facing renewed pressure to quit after the company astonished Wall Street by admitting that its mobile phone division would fail to make a profit over its entire financial year.

The company, whose Pebl handsets have not been as successful as its earlier Razr, made the shock announcement when it disclosed its second quarter results, showing that revenues from its mobile phone handset would reach between $8.6 billion (£4.2 billion) and $8.7 billion instead of the $9.4 billion in sales Motorola had expected to generate.

Read Full Article from Times Online

- Posted: 2007-07-12 10:25:27

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