SiliconBeat

Motorola, the troubled communications hardware maker that plans to split its operations into two different publicly held companies, named Qualcomm Chief Operating Officer Sanjay Jha (pictured) to be one of its co-chief executives. Jha will head up the company’s mobile devices division, once the producer of must-have cell phones that failed to keep pace.

Getting an executive to defect from a successful business like Qualcomm, a maker of wireless chips whose stock has risen by more than a third so far this year,to join Motorola, whose shares have dropped nearly 40 percent so far this year after losing 22 percent in 2007. Does not come cheap. Read the rest of this entry »