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Motorola Rises as Rumor Zaps Zander

Stock quotes in this article: MOT , YHOO , SUNW  

Motorola (MOT Quote) shares jumped 2% on rumors that CEO Ed Zander may soon be out.

Zander managed to prevail in a proxy battle earlier this year with shareholder activist Carl Icahn, but the executive continues to take heat for the abysmal performance of the company's mobile phone unit.

"While we fully expect Zander's departure this year, there is no visibility on when," Charter Equity Research analyst Ed Snyder wrote in an email.

Motorola declined to comment on the rumor. ...

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