Motorola is backing away from trying to market and promote its Motoblur feature, a Web-based service that aggregates updates from social-networking platforms and streams them to a phone, CEO Sanjay Jha said. “With Motoblur we have found that being able to convey the value proposition around Motoblur is not an easy thing to do in a 30-second ad spot,” Jha said on the company’s earnings call with analysts. Get the full story >>
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Aug. 10, 2010 at 6:50 a.m.
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Filed under: Advertising/Marketing, Cell phones, Telecommunications Motorola backing away from Motoblur
Former Deloitte exec charged with insider trading
A former Deloitte and Touche LLP partner and his son were charged with insider trading in securities of Best Buy Co. Inc. , Sears Holdings Corp. and other companies, the Securities and Exchange Commission said Wednesday.
Thomas Flanagan, a former Deloitte vice chairman, used inside information obtained through his duties at the accounting firm to reap more than $430,000 in illegal profits, the SEC said. Get the full story »
Aug. 4, 2010 at 7:01 a.m.
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Filed under: Carl Icahn raises stake in Motorola to 9.99%
Carl Icahn. (AP photo)
Activist investor Carl Icahn has raised his stake in Schaumburg-based Motorola Inc. to 9.99 percent, according to a Friday filing with the U.S. Securities and Exchange Commission.
Icahn and his investment vehicles last disclosed their Motorola holdings in May, reporting a 8.75 percent stake.
Motorola reported second-quarter earnings last week that showed progress in restoring the mobile phone unit’s profitability, a goal co-Chief Executive Sanjay Jha has set for the fourth quarter.
Android phones outsell iPhone in first half of 2010
Google Inc.’s Android has overtaken Apple Inc.’s iPhone in the high-profile smartphone sweepstakes, according to one market research firm.
New smartphone subscribers choosing Android handsets accounted for 27 percent of U.S. smartphone sales in the first half of the year, surpassing the 23 percent share held by Apple’s wildly popular phones, the Nielsen Company said Monday. Get the full story »
Moloney named president of Motorola Mobility
Motorola Inc. has re-hired a senior executive to help lead its television set-top box business, which will be spun off into an independent company along with the mobile phone unit in the first quarter of next year.
Schaumburg-based Motorola said it has named Daniel Moloney president of Motorola Mobility, as the new company will be called. Moloney starts on Sept. 1 will oversee the Home business, as well as supply chain, information technology and government affairs. Get the full story »
July 29, 2010 at 1:03 p.m.
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Filed under: Cell phones, Earnings, Technology, Telecommunications, Updated Motorola’s profit soars as revenue stabilizes
Motorola Inc. saw its second-quarter profit jump significantly from last year, with executives sounding increasingly confident about the mobile device devision’s ongoing transformation into a profitable smartphone maker.
The Schaumburg-based company posted net profit of $162 million, or 7 cents per share, for the second quarter, compared with a year-earlier profit of $26 million, or 1 cent per share. The profits were driven mostly by Motorola’s enterprise mobility and networks units, although its mobile phone business showed signs of progress. Get the full story »
Ex-workers sue Motorola over kids’ birth defects
Motorola Inc. is facing a lawsuit from a group of former employees alleging that exposure to hazardous chemicals caused birth defects in their children.
The suit, filed last week in Cook County Circuit Court, names 71 plaintiffs. The filing also lists more than 30 children who, according to the suit, suffered injuries as a result of their parents’ exposure to hazardous substances used to make semiconductors. Get the full story »
July 22, 2010 at 5:51 a.m.
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Filed under: Cell phones, China, Litigation, Technology, Telecommunications, Trade Motorola sues Huawei for trade secret theft
U.S. mobile phone maker Motorola Inc. has sued China’s Huawei Technologies Co. for alleged theft of trade secrets, highlighting the fast-growing Chinese firm’s difficulty in shaking the nation’s reputation for piracy.
In the amended complaint, filed on July 16 in a federal court in Chicago, Motorola claimed an engineer shared information about a Motorola transceiver and other technology with Huawei’s founder, Ren Zhengfei, a former officer in China’s People’s Liberation Army. Get the full story »
Motorola strikes $1.2B deal with Nokia Siemens
Motorola Inc. is selling its wireless networks unit to Nokia Siemens Networks for $1.2 billion, a move that will accelerate the Schaumburg-based company’s planned break-up into separate businesses.
The deal, expected to close at the end of 2010, will boost Nokia Siemen’s standing in key markets such as the U.S. and Japan, while allowing Motorola to devote more attention to the enterprise mobility unit that makes communications equipment for public safety agencies and industrial companies. Get the full story »
Motorola rejects Apple ‘antennagate’ defense for iPhone
Steve Jobs’s attempt to close the door on criticism of Apple Inc.’s latest iPhone ignited another debate: Are competing smartphones just as prone to reception problems or does Apple have a unique design flaw?
Jobs, in a news conference Friday, conceded that reception on the new iPhone 4 can be degraded by the way a user holds the device but insisted that the problem, which occurs in areas with relatively weak cellular coverage is shared by other smartphones.
His arguments were swiftly rejected by competitors, including RIM and Motorola Inc., which said they have deliberately avoided Apple’s approach of locating antennas on the phone’s edge. Some other cellular-industry veterans also called Apple’s antenna design a mistake, noting that it creates a uniquely sensitive spot on the lower left side that causes signals to degrade when touched with a hand or a finger. Get the full story »
Motorola settles ITT GPS patent suit
ITT Corp. has settled its patent dispute with Motorola Inc., after claiming the mobile-phone maker incorporated global positioning systems in its devices that infringed ITT rights. The manufacturing conglomerate said it was pleased with the outcome, although details of the settlement weren’t disclosed except to specify that it resolved all issues between the two over the claim. Get the full story »
Verizon sells out of Motorola Droid X online
From PC World | Verizon appears to have already sold out of its online stock for the Droid X smartphone on its first day on the market Thursday. Although early orders shipped on schedule, the company’s Web site now lists the flagship device with a promised ship date of July 23. The phones, selling for $199 with the signing of a new two-year contract, are still available in most Verizon stores or Best Buy.
July 14, 2010 at 10:56 a.m.
Filed under: Cell phones, Consumer electronics, Technology, Telecommunications, Wireless Motorola shares up on Nokia Siemens interest
Motorola shares surged nearly 4 percent this morning on speculation the company may be selling its networks equipment unit to competitor Nokia Siemens.
The Wall Street Journal reported late Tuesday that Nokia Siemens and Motorola are in talks for the Schaumburg-based company’s networks business, which makes infrastructure and equipment for wireless operators. Get the full story »
Nokia reportedly looking at Motorola telecom
Nokia Siemens Networks is in talks to buy the telecom-equipment arm of Motorola Inc., people familiar with the matter said, a deal that would hasten the dismantling of the U.S. technology company.
The two companies are discussing terms, and a deal could be worth $1.1 billion to $1.3 billion, one of the people said. A deal could be reached in the next few weeks, people familiar with the matter said, though talks could still fall apart. A Motorola spokeswoman declined to comment. Get the full story »
July 1, 2010 at 1:21 p.m.
Filed under: Cell phones, Chicago executives, Consumer electronics, Wireless Motorola spinoff to be named Motorola Mobility
Motorola Inc. said its spun-off mobile devices and home company will be called Motorola Mobility, with the remaining business being named Motorola Solutions Inc.
The new names were disclosed in a Thursday filing with the U.S. Securities Exchange Commission that outlined more details of Motorola’s planned separation into two companies. The split is scheduled for the first quarter of 2011, and the registration filing with the SEC marked an important step in the process. Get the full story »
