Motorola: Still Bleeding, but New Strategies in Works

Executives didn’t say they will sever more jobs, but such a move looks likely. Motorola has slashed about 7,100 positions since last year.

Motorola further plans to reduce research and development by net $240 million. How that might affect new product rollouts was not immediately clear.

Whether such cuts will appease shareholders is hard to say. Motorola earlier this month settled a proxy battle with activist investor Carl Icahn, agreeing to seat two of his allies on the board. The company’s annual election meeting is scheduled for May 5 and Icahn, in part, wants a say in who will lead the separated mobile devices company.

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