Motorola Finalizes Freescale Split
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The Schaumburg, Ill., tech giant set final plans in a Securities and Exchange Commission filing Monday to distribute to shareholders its remaining stake in the Austin, Texas, chip company.
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Motorola plans to bring a compromise offer to a Berlin meeting to break a standards stalemate.
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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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A troubled Motorola Inc. has realigned itself as its critical cell-phone business slows down.
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Motorola, the world&#39;s second largest mobile phone maker, is cutting 1,000 jobs although its core cellphone business will be unaffected.
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Motorola has settled a long-running patent dispute with Metrologic Instruments, a maker of bar-code scanners.Motorola inherited the lawsuit as part of its 2006 acquisition of wireless handhold device maker Symbol Technologies. Symbol and Metrologic had been engaged in the spat since early 2002, when Symbol sued Metrologic, claiming that the company had failed to make adequate royalty payments.Symbol was a maker of wireless barcode scanners that are used by delivery and warehouse workers to keep track of inventory.In 1996, Metrologic licensed Symbol&#39;s barcode scanning technology for use with its handheld scanners, paying Symbol royalties of $10 per scanner. However, in 2001 Metrologic stopped making these payments, claiming that &quot;product changes had pushed the scanners beyond the scope of definitions laid out in the agreement,&quot; according to Symbol.The actual amount in dispute had been less than $500,000 Metrologic has said.In June 2003 Metrologic counter-sued, claiming patent infringement.Monday&#39;s agreement settles all pending litigation and enters Motorola and Metrologic into a patent cross-license deal that covers barcode scanning and mobile computing technology, they said in a statement. Terms of the settlement were not released.
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WASHINGTON (CBS.MW) -- Motorola plans to eliminate 1,000 jobs in connection with the spinoff of its semiconductor unit. Free! Sign up here to receive our Weekly Roundup e-Newsletter!
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Motorola Inc. , which has  warned that it will post a second quarterly loss in a row,  announced a business reorganization on Tuesday that one analyst  said could help the mobile phone maker cut costs.
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Hit hard by slowing cell-phone sales, Motorola names a new mobile chief, splits into three divisions.
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If there's going to be a convergence between the applications you use on your multimedia-enabled cell phone and the ones you use on your digital TV tuner, then Motorola -- which has a big stake in both -- will have to work harder to  bring it about. That's the inspiration behind the next stage of its Motodev developer community, as the company's vice president told BetaNews this week.
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A five-year spat between Motorola and Metrologic Instruments over royalties totaling has been settled at last, according to both companies.
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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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Motorola (Quote, Chart) said it would cut 1,000 jobs, a move prompted by the spinout of its Freescale Semiconductor (Quote, Chart) subsidiary.
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US mobile phone giant Motorola has announced plans to buy technology infrastructure group Symbol Technologies in a 3.9 billion-dollar deal.
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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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Today Motorola debuted what some believe could be its last new phones before cutting its handset division free, including a Linux-based slider.
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Tony Smith of The Register (UK) has published a look at Freescale&#39;s upcoming smaller, faster G4 processor. Freescale is the name of Motorola&#39;s spun-off