Motorola says first half of 2007 will be "rocky"
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Motorola Inc. , the world's  second-biggest maker of mobile phones, expects the first half  of 2007 to be "rocky" before improving in the second half,  Chief Financial Officer David Devonshire said on Wednesday.
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Motorola Inc., the world's  second-largest mobile phone maker, said on Tuesday it expects  to sustain strong sales growth in the second half of 2004  thanks to new handsets with innovative designs and features.
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Blog: Motorola reported more losses for the second quarter of 2007, but management hopes that a recovery is still on the horizon.
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Amid increasing competition in a fickle cell phone market, Motorola Inc. expects to report a loss for its mobile devices business in 2007 and now estimates that second quarter sales will be lower than expected.
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Motorola Inc., the world&#39;s second-largest maker of mobile phones, will cut 1,000 jobs as the company prepares to spin off its computer-chip business, costing $50 million in severance payments.
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Motorola said yesterday it would cut 1,000 jobs, as the company continues to refocus on its core mobile phone business. It said some positions being cut were related to the Freescale Semiconductor division that Motorola is in the process of spinning off.
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Sell it or spin it off? Motorola is considering various options to sort out its mobile phone division which lost the company $1.2bn in 2007.â¦
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CHICAGO, Jan. 31 -- Struggling cellphone maker Motorola said Thursday that it was considering separating the handset unit from its other businesses in an effort to snap a deep slump since its meteoric success with the Razr.
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Cell phone maker Motorola Inc. on Wednesday warned of a second-quarter profit and sales shortfall, blaming poor results in its mobile devices business in Asia and Europe. The company also said it no longer expects mobile devices &#151; its largest business &#151; to be profitable in 2007.
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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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By Keiko Morris, Newsday, Melville, N.Y.  Sep. 20--Motorola Inc.
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InfoWorld - Motorola may spin off its handset business, the weakest part of a wireless giant that has seen hard times and a management shakeup in recent months.
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After two years of success due to the RAZR phone, sales are now slumping, but Motorola hopes that new models will fuel a recovery next year.
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In an attempt to turn around weak quarterly results, Motorola's CEO says the company will spend less to manufacture its low-end phones.
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Motorola, the world's second largest mobile phone maker, is cutting 1% of its workforce but its core mobile phone operations will be unaffected.
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(InfoWorld) - The day afterÂ announcing that 4,000 employees will be laid off, Motorola CEO Ed Zander told investors that he plans to boost profits with a wide range of multimedia handsets instead of relying on a single blockbuster product like the Razr cell phone. "We're not going to have another Razr. Every once in a while, something will pop, but there have been only three in recent years -- the Microtec, the Startec, and the Razr," Zander said Thursday in a webcast address at the Lehman Brothers Worldwide Wireless and Wireline Conference in New York. Now the company is preparing to launch products in Europe and Asia during June and July: theÂ Razr2 cell phone,Â Moto Z8 handset with a digital music player and mobile TV, Moto Q 9 mobile e-mail smartphone, and Rokr Z6, a handheld MP3 music player and cell phone. "So there are four of them, which proves we can still design some pretty wild things. But we need more of them at more price points with more geographies and more carriers," Zander said. A wider range of products will allow Motorola to focus on its twin strategies of selling low-end handsets in emerging markets such as the Middle East and southeast Asia through channel distributors and retail partners, and selling high-end handsets in Europe, China, and Japan. Zander acknowledged that competing vendors, such as Nokia and Sony Ericsson, have already gotten a start in those areas, but said Motorola will catch up fast with the widespread emergence of WiMax wireless networks in the U.S. "We're still very PC-centric with MP3 over here, we're very tethered. But in Europe and Asia and even Latin America, it's more of an over-the-air experience to download music and video. Hopefully, that will change in the U.S. as we get these networks installed in the second half of 2007 and in 2008." However, Motorola faces an uphill climb to regain its lost market share, according to a study released Thursday. Nokia surged forward on mobile phone sales in China and Japan during the first quarter of 2007, padding its dominant lead over competitors, according to Gartner. The overall industry sold 257.4 million units during the first quarter, a healthy growth rate of 14 percent over the same quarter last year, despite the annual post-holiday sales slump in Western Europe and North America, Gartner said. But Nokia outperformed its rivals, claiming 35.7 percent market share for a large lead over Motorola's 18.5 percent, Samsung's 12.5 percent, Sony Ericsson's 8.4 percent, and LG Electronics' 6.2 percent. Motorola suffered from stocking its channel resellers with excess products in the first quarter, forcing them to drop prices to push the phones into end-users' hands, Gartner analyst Carolina Milanesi said in the report. That problem will persist through the second quarter, but the company could rebound if there is strong demand for the Razr2, she said. Zander admitted the company had been tripped up when those slowing sales threatened to overwhelm corporate overhead costs. "The last few months have been very unsettling," he said. "January and February caught us by surprise, quite frankly. We did have to pull the trigger quickly with some headcount expenses, we had to get that done quickly." The latest layoffs came just four months afterÂ Zander announced a round of 3,500 job cuts in January. Together, the layoffs will allow Motorola to save nearly $1 billion every year, giving it the flexibility to increase funding for new areas of research in the fast-changing mobile handset segment, he said. But first, Zander faces the task of reassuring workers who were shaken by the downsizing. "I'm spending the better part of this week traveling around the country talking to employees because they get nervous. We have to get back on track," he said.
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Motorola Inc. will cut 1,000 jobs worldwide and take a charge of $50 million for severance benefits, officials said Tuesday.