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| Motorola issues profit warnings | Motorola issues profit warnings |
| (10 minutes later) | |
| Motorola has warned that it will report a loss for the last three months, blaming weak sales in Asia and Europe. | Motorola has warned that it will report a loss for the last three months, blaming weak sales in Asia and Europe. |
| The US-based firm added that its main mobile phone business was likely to make a loss for the whole of 2007. | The US-based firm added that its main mobile phone business was likely to make a loss for the whole of 2007. |
| The twin profit warnings have increased speculation that the firm's chief executive Ed Zander might step down soon, analysts say. | The twin profit warnings have increased speculation that the firm's chief executive Ed Zander might step down soon, analysts say. |
| The world's second largest mobile phone-maker, Motorola has already announced 7,500 job cuts this year. | The world's second largest mobile phone-maker, Motorola has already announced 7,500 job cuts this year. |
| In April it blamed losses on price competition and unpopular handsets. | In April it blamed losses on price competition and unpopular handsets. |
| Going, going? | Going, going? |
| Motorola said sales for the second quarter period, from April to June, would now be less than $8.7bn (£4.3bn). | Motorola said sales for the second quarter period, from April to June, would now be less than $8.7bn (£4.3bn). |
| Is Ed Zander's future in doubt? | |
| It had previously forecast sales for the period would be around $9.4bn. | It had previously forecast sales for the period would be around $9.4bn. |
| "With this type of performance and the bleak prospects facing the company for the rest of the year, I don't think Zander's tenure is going to go much further," said Ed Snyder, analyst with Charter Equity Research. | "With this type of performance and the bleak prospects facing the company for the rest of the year, I don't think Zander's tenure is going to go much further," said Ed Snyder, analyst with Charter Equity Research. |
| "He's toast. I think it's really close now." | "He's toast. I think it's really close now." |