Motorola gives bleak outlook, plays musical chairs with execs
V3xx, even if said news has to do with Motorola's bleak outlook for fiscal '07, apparently. Come on, if you don't get a good belly laugh out of that, you need to check your pulse... so yeah, anyway, the post-RAZR hangover continues at Moto, with CFO David Devonshire "retiring" to make way for Thomas Meredeth effective April Fools' Day. Profit forecasts are also continuing to follow their downward trend, with the first quarter now expected to rake in revenues of $9.2 to 9.3 billion, down from the $10.4 to 10.6 billion quoted just two short months ago. CEO Zander himself blames much of the shortfall on competitors' price pressures in the low-end segment; personally, we blame the shortfall on the fact that we still don't have a frickin' MOTORIZR Z8 in our hands, but what do we know?
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