• Most Popular
  • Most Shared

Motorola says searching for new cell phone head

Mon Mar 3, 2008 2:23pm EST

Stocks

   

NEW YORK, March 3 (Reuters) - Motorola Inc (MOT.N) is searching for a full-time leader for its mobile devices unit, the company's Chief Executive Officer Greg Brown said on Monday.

Brown took over from Stu Reed as head of the loss-making unit around the start of last month on top of his job as CEO.

Motorola, the world's third biggest mobile phone maker, has been losing market share to rivals such as Nokia Oyj (NOK1V.HE) and Samsung Electronics (005930.KS).

Brown said that the unit could eventually get back to profit margins in the double-digit percentage range but did not give a timeframe during the Webcast of an analyst conference.

"Longer term there's no structural impediments to driving double-digit margins in handsets," said Brown, adding that he spends about 80 percent of his time working on the mobile unit, Motorola's biggest division. (Reporting by Sinead Carew, editing by Phil Berlowitz)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets