updated 07:10 pm EDT, Fri July 18, 2008
Motorola sues Apple exec
Motorola is suing former executive Michael Fenger - currently vice president of Apple's global iPhone sales - for allegedly divulging corporate secrets to further the success of Apple's relatively new cellular platform, such as margins, operating strategies, marketing information, and customer initiatives, among other things. According to Bloomberg, Fenger formerly oversaw Motorola's mobile business as vice president in Europe, the Middle East, and Africa. Apple was not named in the suit.
In addition to damages (which Motorola is seeking due to a breach of written contract with Genger, stating that Fenger is not to be employed by a competing company for at least two years from March 31st) the company hopes to recover over $1 millon in stock-option grants.
In related news, the iPhone has sold over a million handsets since its launch last Friday, with lineups still occurring around the world. AT&T is currently telling the majority of its customers that new stock may take between two and four business weeks to fill.