Shareholders, SARS Assail Motorola

Burns, Mairin
May 2003
Investment Dealers' Digest;5/12/2003, Vol. 69 Issue 19, p14
Trade Publication
This article focuses on the situations faced by Motorola Inc. in May 2003. First, irate shareholders hounded management at Motorola's annual general meeting, baying in particular for the blood of the chairman. Then the world's second largest cell-phone maker, whose debt was downgraded by Moody's Investors Service Inc. nearly a year ago, had to close its entire main office in Beijing after a staff member contracted Severe Acute Respiratory Syndrome (SARS). But management still has plenty to smile about. To Motorola's shareholders, the promised cuts represent yet another black mark against the company's management.


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