Tag archive: Greg Brown

It’s no secret that Motorola has financial problems. Standard & Poor’s has given it a junk credit rating, and it was having financial troubles prior to the credit crunch biting hard. But it’s taking steps to ride out the recession. Co-chieif executives Greg Brown and Sanjay Jha have both agreed to forgo their 2008 cash bonuses and will take a 25% salary cut, according to CNET. Beginning in 2009, the… Read More

It wasn't so long ago that Motorola's mobile phone business—anchored by the company's popular RAZR handset—was the envy of the industry. Now, however, the electronics giant finds its mobile phones operations have tkane a third place behind Nokia and Samsung, falling to a 13 percent share of the worldwide market in thhe third quarter of 2007, down from 21 percent in the same quarter of 2006. In fact, things have… Read More

Although Motorola rode a two-year high-profile success with its sleek RAZR phone, the company has dropped to third place among mobile phone makers, and turned in doleful financials for the first half of 2007—and although the third quarter wasn't to bad, it still represented a 94 percent drop in profits. Today, however, Motorola's stock buoyed up a bit: CEO Ed Zander announced he would be stepping down January 1, to be… Read More