Zander's Motorola Sees $780M From Sprint Nextel - Forbes.com
Zander's Motorola Sees $780M From Sprint Nextel - Forbes.comZander's Motorola Sees $780M From Sprint Nextel
Greg Levine, 08.22.05, 9:57 AM ET
Edward J. Zander
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NEW YORK - Motorola (nyse: MOT - news - people ) expects a hefty gain in the third quarter--but not necessarily from sales.
The handset giant, led by Chairman and Chief Executive (and ex-Sun Microsystems (nasdaq: SUNW - news - people ) President and Chief Operating Officer) Edward J. Zander, declared that it will recognize an after-tax gain of some $780 million, as a result of exchanging its shares in the former Nextel Communications (nasdaq: NXTL - news - people ) for a stake in the new hybrid firm, Sprint Nextel (nyse: S - news - people ).
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