Motorola (MOT) Higher On News Zander is Out

November 30, 2007 8:51 AM EST
Motorola, Inc. (NYSE: MOT) is up 4% in pre-open trading following news Ed Zander will step down as CEO.

Investors are applauding the news as the stock has underperformed under Zander.

Carl Icahn, a large Motorola activist shareholders, has pushed for Zander\'s ouster. He is likely thrilled with the news.

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