Tech stocks were mostly in the red Monday though Motorola ( MOT ) bucked the trend after it announced a new head of its mobile devices business. Shares of Motorola jumped 90 cents, or 10.3%, to $9.72 after the company named a former Qualcomm ( QCOM ) executive Sanjay Jha as head of its handset business. The move is seen as a significant step towards spinning off the division into a separate public company. Motorola is currently working to split its operations into two separate publicly traded companies following significant shareholder pressure including that from activist investor Carl Icahn. Shares of Qualcomm dipped $1.80, or $3.2%, to $53.67 following the news. Jha, the new chief at Motorola's handset business, was the chief operating officer for Qualcomm. Satellite service provider Echostar ( SATS ) gained 65 cents, or 2%, to $32.65 after it reported a second-quarter profit as sales rose 46% to $483.3 million.