Handset maker Motorola faces a 'rocky' first half of 2007 after going awry with its strategy in the fourth quarter, its chief financial officer, quoted by an Associated Press report, said.
The Associated Press report quoted Motorola CFO David Devonshire as saying that he expects the cell phone maker to recover in the second half, reiterating what CEO Ed Zander said a month ago when the company disclosed its weakest quarterly results since 2004.
Devonshire said he didn't know exactly why Ron Garriques had abruptly resigned as head of Motorola's cell-phone business last week to take a job with Dell, but 'clearly there was a (strategy) change that needed to be made.'
Motorola ran afoul of investors and industry analysts with its disappointing fourth-quarter results, which it attributed to missed forecasts and errors in pricing its products, the report said.
Now the company finds itself on the defensive after enjoying an unprecedented two-year hot streak because of the trendy Razr phone's worldwide popularity, the report added.
