Bloomberg News

Research In Motion's Chief to Replace Zander at Show

March 22, 2007

Research In Motion Ltd. (RIM) co-Chief Executive Officer Mike Lazaridis will speak at a trade show next week in place of Motorola Inc.'s Ed Zander, who dropped out one day before his company said it would miss earnings forecasts.

Zander, 60, backed out of giving the keynote speech at CTIA Wireless 2007, citing an ``unforeseen scheduling conflict.'' Lazaridis will speak on the opening day of the industry conference in Orlando, the trade group CTIA said today in a statement.

Motorola, the second-biggest maker of mobile phones, yesterday forecast a loss for the quarter and its first sales drop in four years. Rival Research In Motion reported a 46 percent gain in profit in its last quarter after boosting sales of its BlackBerry e-mail phone, which competes with Motorola products.

Shares of Schaumburg, Illinois-based Motorola fell $1.24, or 6.6 percent, to $17.50 today in New York Stock Exchange composite trading, the most in more than two months. Research In Motion advanced $1.64 to $136.54 on the Nasdaq Stock Market.

Lazaridis, 46, helped found Waterloo, Ontario-based Research In Motion in 1984.

To contact the reporter on this story: Julie Alnwick in Toronto at jalnwick@bloomberg.net

To contact the editor responsible for this story: Cesca Antonelli at fantonelli@bloomberg.net


Silicon Valley State of Mind
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus