Motorola cuts R&D 15 percent, no "one-hit wonders"

Motorola executives told analysts it would no longer pursue one-hit wonder phones like the RAZR, but rather offer a diverse lineup of handsets. The executives are continuing to cut costs, including a 15 percent cutback in R&D spending, which R&D head Stuart Reed claimed would make the unit more efficient. Motorola said the handset unit would remain unprofitable until at least next year. Motorola has already committed to cutting 7,500 jobs and $1 billion in costs.

For more on Motorola's recent maneuvers:
- read this report from the New York Times