Motorola, the third largest cell phone maker in the world, may spin off its handset business as it tries to turn around its business, the company has revealed.
Motorola CEO Ed Zander is finally on the way out. He will be replaced by COO Greg Brown, with shareholders hoping that Brown will bring the company's handset business back into the black.
Motorola CEO Ed Zander on Thursday downplayed disparaging remarks he made last week about Apple Computer's newest music player and predicted that the Mac maker will build its own mobile phone.
Rich Nottenburg, chief strategy and technology officer, has become the latest executive to leave Motorola.
Clearwire, which hopes to install WiMax networks that will cover continents, announced on Wednesday that it has received US$900 million in financing from Intel and Motorola and will work with the two giants to popularise the wireless broadband technology.
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