Apr 14, 2008

Motorola gets new chairman, stock drops

Motorola has a new chairman... and it of course means nothing.

Dave Dorman, 54, is replacing Ed Zander as Motorola's chairman in the troubled company, a non executive position, which means he'll head the board but have no hand in the day to day operations of the company.

While he's previously been the chairman and president of AT&T, Motorola stock dropped 18 cents to $9.31 upon the announcement.

The point of course being, as long as the company is still being run by CEO Greg Brown, and still don't have any products to replace the RAZR, any other change is just cosmetic.
Source...

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