Under CEO Ed Zander, who joined the company in January, 2003, Motorola has gone on a tear. The first quarter marked the fifth consecutive one for which the world's No. 2 phonemaker reported sales and earnings growth. Most of the success can be attributed to a dynamite performance from the company's bread-and-butter wireless-phone division.
Motorola appears to have overcome its execution woes to introduce the coolest cell phone on the market, the sleek Razr. Sales of the new product and several others helped the company's phone shipments rise 13% in the quarter, to 28.7 million. The jump boosted the company's worldwide market share to 17.1%, the highest level since late 2002. And Wall Street is cheering, lifting Motorola shares 20%, from $15 at the beginning of March, to $18.13 on June 7. Finally, Motorola's numbers are ringing true.
All figures are for the most recent available 12 months.
* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.
Data provided by Standard & Poor's Compustat, BusinessWeek
Motorola Inc. provides wireless, broadband, and automotive communications technologies and embedded electronic products. It operates in five segments: Personal Communications (PC); Global Telecom Solutions (GTS); Commercial, Government, and Industrial Solutions (CGIS); Integrated Electronic Systems (IES); and Broadband Communications (BC). PC segment manufactures and sells wireless handsets with integrated software and accessory products. Its wireless subscriber products include wireless handsets, with related software and accessory products. GTS segment designs, manufactures, sells, installs, and services wireless infrastructure communication systems, including hardware and software. CGIS segment provides customized and commercial, and integrated communications and information systems. IES segment designs, manufactures, and sells automotive and industrial electronics systems; telematics systems that enable automated roadside assistance, navigation, and safety features for automobiles; portable energy storage products and systems; and embedded computing systems. BC segment offers a variety of broadband products, including digital systems and set-top terminals for cable television and broadcast networks; data products, including cable modems and cable modem termination systems, as well as Internet protocol-based telephony products; and access network technology. The company was founded in 1928 as Galvin Manufacturing Corp. and changed its name to Motorola Inc. in 1947. Motorola is headquartered in Libertyville, Ill.
No. of Employees
68,000
Data provided by
Edward J. Zander
Bio
Mr. Zander joined Motorola in January 2004 as Chairman and Chief Executive Officer. Prior to joining Motorola, Mr. Zander was a managing director of Silver Lake Partners, a leading private equity fund focused on investments in technology industries. Prior to holding that position, Mr. Zander was President and COO of Sun Microsystems Inc., a leading provider of hardware, software and services for networks, from January 1998 until June 2002. Mr. Zander serves on the board of directors of several educational and nonprofit organizations, including the Jason Foundation for Education, the science advisory board of Rensselaer Polytechnic Institute, and the advisory board of the School of Management of Boston University. Mr. Zander received a Bachelor of Science degree in electrical engineering from Rensselaer Polytechnic Institute and a Master of Business Administration from Boston University.
Boston University (MBA), Rensselaer Polytechnic Institute (BS)
* Latest available fiscal year
** The sum of the net value of options exercised and held in the latest available fiscal year
Key Executives
Edward J. Zander, Gregory Q. Brown, Dennis J. Carey, Eugene A. Delaney, David W. Devonshire, Ruth A. Fattori, Ronald Garriques, A. Peter Lawson, Daniel M. Moloney, Adrian R. Nemcek, Richard N. Nottenburg, Padmasree Warrior
Board Members
Edward J. Zander, H. Laurance Fuller, Judy C. Lewent, Walter E. Massey, Thomas J. Meredith, Nicholas Negroponte, Indra K. Nooyi, Samuel C. Scott III, Ron Sommer, James R. Stengel, Douglas A. Warner III, John A. White
