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To: engineer who wrote (83389)	10/12/2000 7:20:27 PM
From: Cooters	Respond to of 152472

Motorola Cell-Phone Executive Merle Gilmore Resigns --From AOL. eng, you know this guy?-- Cooters Schaumburg, Illinois, Oct. 12 (Bloomberg) -- Motorola Inc., the No. 2 maker of cellular phones, said Merle Gilmore, head of its cell-phone division, is leaving. Gilmore's resignation comes a day after Motorola warned analysts and investors that its fourth-quarter and 2001 earnings will lag forecasts, which it blamed on slower growth in cell-phone profit and semiconductor sales. Motorola revised its fourth-quarter estimate to 27 cents a share. It had been expected to earn 37 cents, the average estimate from analysts polled by First Call/Thomson Financial. The company said it expects 2001 earnings per share of $1.20, compared with the $1.44 analyst estimate, and cut its 2001 sales forecast to $44 billion from $47 billion. ``The bar was set and they missed it. I guess they decided it was time for a change,'' said David Powers, an Edward Jones analyst, who rates Motorola ``buy.'' Robert Growney, president and chief operating officer, will serve as acting president of Motorola's Communications Enterprise division, which includes cell phones, pagers and equipment used to build wireless networks, spokesman Albert Brashear said in a statement. ``Obviously, Gilmore is taking direct responsibility for the performance of the cell-phone segment,'' said Brian Modoff, a Deutsche Banc Alex. Brown analyst, who downgraded Motorola yesterday to ``buy'' from ``strong buy.'' Gilmore told analysts and investors yesterday that Motorola cut its fourth-quarter profitability target because of lower cell- phone sales in Europe, which already has a high number of users, the weak euro and slow acceptance of phones with access to the Internet. Shares of the Schaumburg, Illinois-based company fell 1.25 to 20.19 in trading on the New York Stock Exchange. The shares have dropped 58 percent this year. Oct/12/2000 17:48 ET