Motorola’s (MOT) shares are up as much as 3% on rumors that Ed Zander, its CEO, is leaving. Carl Icahn and other activists have tried to push Zander out and he has replaced key managers under him.
Motorola has gone from being the darling of the handset business when its RAZR phones were selling over 50 million units a quarter and its global share was over 20% to its current position of pushing to sell 40 million units per quarter.
Lehman Bros has just raised its forecast for handset sales this year to 1.118 billion units and says that Motorola rival Nokia (NOK) should get the lion’s share of the increase. RBC Capital recently cut its forecast for Motorola handset sales for the quarter to 40 million phones from its previous figure of 46 million.
The quarter is over now. Motorola’s board knows how the company did. If it only sold 40 million units, Zander is probably gone.
Douglas A. McIntyre
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