SCHAUMBURG, IL - Unless current market trends change quickly, Motorola may soon become the world's fourth-largest mobile phone maker.
Nokia continues to lead the market with about 40% of the market share,
and Samsung surpassed Motorola to take the second position last summer.
Sony Ericsson has recently released several new phone products, and if
Motorola's phone sales continue to decline, the company may end the
year behind its rivals.
Stuart Reed, the former mobile phone chief has resigned, a month after
CEO Greg Brown took over his duties. Brown has been under pressure from
shareholders to break up the company, and in January, Brown and the
board put the company’s mobile phone segment up for sale, while
contending that the unit is fixable and that he's looking for a new
chief in the attempt to turn things around.
Dell computer had been cited as a possible purchaser, but Dell's recent
poor earnings report indicate that the company is not in the position
for a new acquisition.
Without a new phone product to market, industry reports say Motorola's
market share decline will likely continue, and the company did not
present any new designs at two recent industry product showcase events.
SHANGHAI, CHINA - Electronica & ProductronicaChina, held for the seventh time at the Shanghai New International Expo Center, will increase exhibition space by 30%, according to an industry press release.
Read more: Electronica, ProductronicaChina Expand by 30%
SAN DIEGO, CA - A senior executive at Sony has reported solid U.S. sales for the company in the first two months of the year, despite economic concerns.
"We have already had a solid January and February," said Stan Glasgow, Sony US president and COO.
He noted that the company had a record holiday sales season, and that
it had gained market share for some products. He added that he expected
total global sales of Blu-ray high-definition movie players produced by
all manufacturers to reach approximately 5 million in 2008, and that
most will be sold in the U.S.
CHICAGO - AT&T will reportedly invest $1 billion worldwide this year to expand networks and services in key markets.
Speaking to reporters in New Delhi, Greg Brutus of At&T Asia
Pacific said that the largest portion of the investment would be spent
outside the United
States, to install undersea
fiber-optic cables for an Ethernet network in Europe and Asia.