Word: motorola
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Dates: during 1990-1999
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What's wrong with this picture? When George Fisher became the head shutterbug at Eastman Kodak four years ago, things instantly looked brighter for Big Yellow, the world's largest photographic filmmaker. Fisher, who dialed up a triumphant turnaround at cellular-phone and microchip giant Motorola, planned to re-vitalize stodgy Kodak (1996 sales: $15.97 billion) with a burst of digital-age products. Instead of bloody downsizings, Fisher would restore Kodak's faded glory through the magic of growth...
Losing isn't supposed to happen under the charismatic Fisher, 56, a native of Anna, Ill., who holds a Ph.D. in applied mathematics from Brown University and is one of corporate America's highest-profile executives. For leading once sleepy Motorola into the digital age, Fisher is on the short list for many high-profile ceo jobs that become available. He spurned an offer to head IBM before Louis Gerstner took that turnaround job in 1993. More recently, Fisher was widely viewed as a possible successor to AT&T chairman Robert Allen. Perhaps partly to scotch speculation that he might...
Apple isn't listening, though: It plans to shut down Power Computing's operation by the end of the year, and is already targeting other clone-makers such as Motorola and UMAX by imposing higher licensing fees for the Mac Operating System. Why so hard on the clones? Acting chairman Steve Jobs, whose dislike of the clone licensing system set up in 1994 is no great secret, would probably describe the move as consolidation ? buying back a large share of the Mac market. But coming at a time when the Mac market itself is shrinking, today's move resembles nothing...
When Paul Galvin entered the electronics business in 1928, he had a simple vision: mobile electronics. The first product, a car radio, gave the company its name, Motorola. For 70 years, from vacuum tubes to microchips, the firm has pursued that mission. And not without risk. For much of the past decade the company has been on a roller coaster, boosted by cell-phones, slammed by radios, skewered by foreign competition. But last week the firm announced earnings high enough to convince Wall Street that Motorola is back...
Credit CEO Chris Galvin, the founder's grandson, who re-engineered the company. Motorola still has some vulnerability. The firm counts on tech-heavy businesses that may tank if spending by telecom firms softens. But Galvin has convinced Wall Street that he can keep revenues growing. Motorola stock hit a new high of $86 last week, and investors snapped up $800 million worth of bonds for Iridium, an ambitious Motorola-backed satellite project. Now that's mobile electronics. Grandpa would surely approve...