(Reuters) - NEW YORK, July 11 - Motorola Inc. on
Wednesday warned of a second-quarter loss and said it no longer
expected its mobile device business to be profitable this year,
blaming weak sales in Asia and Europe.
The warning came at the end of a day when Motorola shares
had risen as much as 3 percent on rumors that its chief
executive, Ed Zander, could resign soon amid a campaign by an
activist shareholder to oust him.
Read more at Reuters.com Market News
Wednesday warned of a second-quarter loss and said it no longer
expected its mobile device business to be profitable this year,
blaming weak sales in Asia and Europe.
The warning came at the end of a day when Motorola shares
had risen as much as 3 percent on rumors that its chief
executive, Ed Zander, could resign soon amid a campaign by an
activist shareholder to oust him.
Read more at Reuters.com Market News
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