Wrong Numbers For Motorola
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Cell-phone unit won't be profitable this year.
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To: TECHNOLOGY EDITORS  Contact: Barry A. Rothman of Onstream Media Corporation, +1-954- 917-6655, brothman@onstreammedia.com; or Chris Faust of FastLane Communications, +1-973-582-3498, cfaust@fast-lane.net   POMPANO BEACH, Fla., Feb.
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Motorola Inc  said on Wednesday it will post an operating loss in the current quarter as recovery in its cell phone business is taking longer than expected, dashing Wall Street expectations for a profit and sending its shares down as much as 14 percent.
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(InfoWorld) - A troubled Motorola has realigned itself as its criticalÂ cell-phone business slows down. The company sketched out the reorganization in a U.S. Securities and Exchange Commission filing Tuesday, two days before it is set to announce its second-quarter financial results. Last week, Motorola slashed its earlier revenue forecast for the quarter and predicted a larger loss, blaming lower phone sales. It also named a new chief of its mobile unit, Stu Reed. Other recent changes in the executive ranks have also rocked the company. Motorola is now split into three divisions: Mobile Devices, Home and Networks Mobility, and Enterprise Mobility Solutions. The company is moving its Good Technology mobile e-mail software business from the Mobile Devices division into Enterprise Mobility Solutions. Its carrier equipment business has been combined with home broadband products in the Home and Networks Mobility segment with the new enterprise unit focusing on private network products. The Home and Networks Mobility group is responsible for set-top boxes and digital video systems for carriers, home DSL and cable modems, and wired and wireless broadband network gear. The Enterprise group encompasses analog and digital two-way radio and other voice and data communications systems for government, businesses and Motorola's large public safety customer base. Good Technology, whichÂ Motorola acquiredÂ in a deal completed in February, is a mobile messaging platform with enterprise features like centralized lockdown of unwanted applications on the phone. It competes against Research in Motion's BlackBerry system and Nokia's Intellisync technology. After the rousing success of the slim Razr handset, which started out as a premium-priced bauble and quickly became a mass-market commodity, Motorola has had trouble coming out with an encore. A Razr 2 is expected later this year. New handsets from Nokia, Samsung, and LG Electronics had stolen the spotlight even before Apple's iPhone, which debuted June 29, became the talk of the industry. Meanwhile, sales for all makers have stagnated in higher-priced markets like North America and Europe while rising in lower-priced India and China, according to industry analysts. Last Wednesday, Motorola said it expected to report 35 million to 36 million handset sales in the second quarter, down from 45.5 million in the previous quarter. Its revenue forecast dropped from $9.4 billion to between $8.6 billion and $8.7 billion. The company now expects to lose between $0.02 and $0.04 in the quarter.
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CHICAGO -- Cell-phone maker Motorola Inc. posted a $28 million second-quarter loss Thursday as continuing weak sales resulted in its first back-to-back losses in five years.
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(InfoWorld) - Two days after it restructured operations, MotorolaÂ on Thursday reported that flagging sales of mobile devices were a factor in its second-quarter loss of $28 million, or $0.01 per share. The telecommunications device maker posted income of $1.38 million, or $0.55 cents a share, one year earlier. Revenue declined by 19 percent to $8.73 billion from $10.82 billion one year earlier. The drop was expected: Motorola issuedÂ preliminary financialsÂ last week, warning that its results would be lower than had been forecast. The company said Thursday that excluding one-time costs, it would have earned $0.02 per share. Analysts surveyed by Thomson Financial, who revised estimates lower after last week's warning, were forecasting break-even results on sales of $8.64 billion. Layoffs and other one-time charges were responsible for losses amounting to $0.04 per share. But the loss for the quarter underscores the company's beleaguered mobile device business, which has been outflanked by rivals including Apple. The pressure will continue. Motorola announced that it expects earnings in the third quarter to be equal to or slightly higher than the second quarter, and that its mobile devices unit will probably not be profitable this year. The company saw a drop in mobile device sales in Asia, a hot market where vendors are trying to get a big share of the market in fast growing economies, as North American and European markets become saturated with mobile phones. Motorola has taken steps to address its problems. The vendor announced Tuesday that it's restructuring into three business divisions: Mobile Devices, Home and Networks Mobility, and Enterprise Mobility Solutions. It also has a new chief of its mobile unit, Stu Reed. Motorola CEO Ed Zander has beenÂ under pressureÂ to resign. He attracted criticism from big-name investor Carl Icahn earlier this year, and recently has been attacked by activist shareholder Eric Jackson for the way he's running the company. Although Motorola has taken steps to cut costs, a core challenge for the company is product design in the competitive handset arena. ItsÂ Razr deviceÂ was praised for its design, but in a fast-paced market quickly became an also-ran, under a barrage of products from rivals that in addition to Apple include Nokia, Samsung Electronics, and LG Electronics. Despite expecting mobile phone sales to be under increasing pressure, Motorola did say that it expected its overall financial results to improve during the second half of the year. Thursday morning, Motorola shares were trading at $18.18, up $0.18 from its opening. Â
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Chicago - Motorola will cut 1 000 jobs and take a charge of $50 million (R320.5 million) for severance benefits as it moves to complete a spinoff of its money-losing semiconductor unit, the company said.
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Why my cellphone keeps calling people on its own and my microwave oven is in revolt.
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TORONTO -- Research In Motion Ltd. is suing Motorola Inc. over several patents used for wireless devices such as RIM's BlackBerry e-mail devices and Motorola's Razr smart phones.
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(InfoWorld) - Motorola Inc. launched an entry-level cell phone on Tuesday, hoping to make up ground on rival Nokia Corp. by selling a large number of the simple handsets instead of relying on high-priced smartphones. Motorola launched the Motofone F3 in India, planning to roll it out soon to worldwide markets. The company will focus its sales efforts on developing countries in an effort to enlist the world's next billion mobile phone users, said Ron Garriques, president of Motorola's mobile devices division. The value-priced handset is designed to attract first-time users by substituting graphical icons and voice commands for the standard text-based interface. The phone saves weight and cost by using a plastic screen instead of glass, and extends battery life by using a monochrome "electronic ink" display. Motorola launched a GSM (Global System for Mobile Communications) version called the Motofone F3 Tuesday, and said it would launch a CDMA (Code Division Multiple Access) version called Motofone F3c by the end of 2006. The company predicted the phone will cost less than US$50, although specific prices are set by carriers. Motorola plans to use the product to win business in a different market segment than its high-end Q smartphone and ultra-slim Razr and Krzr cell phones. Sales of those phones pushed Motorola to sell 53.7 million handsets in the third quarter of 2006, an increase of 39 percent over that period last year and a larger gain than the market average. As a whole,Â worldwide mobile phone sales grew 21.5 percent in the third quarter, to 251 million units, according to market research firm Gartner Inc. Despite its strong performance, Motorola was not able to catch up to Nokia, which retained its position as the world's largest mobile phone vendor with 35.1 percent of the market. Motorola trailed with 20.6 percent market share, ahead of Samsung with 12.2 percent, Gartner said. Still, by launching its Motofone before the end of 2006, Motorola surprised some analysts who had predicted a seasonal slump for the company. "The Krzr is struggling to enjoy the same reception that greeted the Razr, and the Motofone might not be available until 2007. Christmas might not be so jolly for Motorola in some markets," Gartner said in its report. By targeting developing markets, Motorola has made a smart move to fight that challenge, said the report by Carolina Milanesi, Gartner's principal analyst for mobile terminals research. "Although sales of replacement handsets during the third quarter in more mature markets were not as buoyant as we have been accustomed to, they were offset by continuing momentum in sales to first-time buyers in emerging markets." With Motofone, Motorola has made a strong bet that she is right. The company relied heavily on its mobile devices division for $7.03 billion of its total $10.6 billion revenue for the third quarter. Â
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Mobile phone maker Motorola Inc   said on Tuesday that two of its subsidiaries had sued  Aruba Networks Inc  for patent infringement related to  wireless local area network technologies.
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Motorola Inc.  posted its  second straight quarterly loss on Thursday as a lack of  advanced mobile phones cost the company market share and  dropped it into third place in the industry behind Nokia  (NOK1V.HE) and Samsung Electronics (005930.KS).
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Motorola Inc. announced Tuesday plans to cut 1,000 jobs worldwide and take a charge of $50 million for severance benefits. The job cuts are part of a restructuring resulting from the spin off of its semiconductor division into Freescale Semiconductor.
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Are there more changes ahead for Motorola?
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Mobile phone maker Motorola Inc  said on Tuesday that two of its subsidiaries had sued Aruba Networks Inc  for patent infringement related to wireless local area network technologies.
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Mobile phone maker Motorola Inc  said on Tuesday that two of its subsidiaries had sued Aruba Networks Inc  for infringement of patents involving short-range wireless network technologies.
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Blog: Motorola has issued another profit warning. Could this mean that CEO Ed Zander is on his way out?