he was forced to resign on january 4, 2004. seventy-seven working days later, on april 20, 2004, motorola announced its financial performance for q1, 2004, the quarter of galvin's departure. the data showed that the then $30 billion run rate in annual revenue resulted in a 42% increase in sales corporatewide revenue growth, a 532% improvement in operating earnings, $0.9b in pre-tax earnings, $0.7b in free cash flow, and a resulting $0.9b net cash position on the balance sheet. motorola inc.’s cellular mobile phone business recorded an uptick of 67% sales revenue growth ($4.1b in quarterly sales) and earned a 9.8% operating margin for the period, three months before the razr phone was to be announced. at the time motorola inc.’s business portfolio included four fortune 500 sized multi-billion business sectors compared to its six business sectors at the time. zander, who assumed the ceo role on january 5, 2004, stated after the announcement of q1 2004 financial results "the first 90 days i talked to everybody. my agenda was very simple: learning the business as fast as i could. i did not want to shoot from the hip."