TITLE

Shares Jump as Motorola Names co-CEO

AUTHOR(S)
Schachter, Ken
PUB. DATE
August 2008
SOURCE
Red Herring;8/4/2008, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that shares of Motorola leaped $.91 or 10.3 percent to $9.72 after the former Qualcomm executive Sanjay Jha was named co-chief executive and leader of the mobile device business scheduled to be spun off in the third quarter of 2009. Analysts cited Jha's record at Qualcomm as a positive development for Motorola, which has struggled to keep pace against Nokia, Samsung, LG, newcomer Apple and others in the competitive mobile handset business. Motorola posted a second-quarter profit of $4 million.
ACCESSION #
36670503

 

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