Without a Hit Razr Sequel, Profit Drops for Motorola
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Motorola executives said demand for the companyâs cellphones had slowed and the company was losing market share.
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Motorola Inc. MOT.N, the world's No.  2 maker of cell phones, on Tuesday said its quarterly profit  more than tripled, but growth in handset volumes disappointed  Wall Street and its shares fell 4.5 percent.
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Stocks fell on Wednesday after some  quarterly earnings reports failed to impress investors,  including a disappointing outlook from Motorola Inc. MOT.N,  which stoked concerns about lackluster technology spending.
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Motorola Inc said on Wednesday it will post an operating loss in the current quarter as its cell phone business is taking longer than expected to turn around, dashing Wall Street hopes for a profit and sending its shares down as much as 23 percent.
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Motorola Inc. , the world's second-biggest mobile phone maker, said it expects to cut an additional 4,000 jobs, bringing the total to 7,500 this year, as it works to reduce costs to return to profit.
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New Motorola Inc. CEO Greg Brown doesn't have the secret weapon his predecessor Ed Zander possessed when he arrived at the cell phone maker four years ago Â the Razr.
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Motorola Inc  said on Wednesday  it will post an operating loss in the current quarter as its  cell phone business is taking longer than expected to turn  around, dashing Wall Street hopes for a profit and sending its  shares down 20 percent.
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Woes continue Despite a new CEO, there are no signs yet of a turnaround for Motorola. The company's mobile phone division recorded a shocking quarter, with the unit's revenues down 38 per cent year-on-year, losing $388m along the way. Motorola's mobile division recorded a $1.2bn loss in 2007.â¦
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A troubled Motorola has realigned itself as its criticalÂ cell-phone business slows down.
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Stocks were little changed on Thursday as a batch of weak economic data offset positive earnings from tech companies, including Motorola Inc .
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Motorola Inc. , the world's No. 2 maker of cell phones, on Tuesday said its quarterly profit rose sharply, helped by improving sales of a host of new handset models.
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Motorola Inc.  on Wednesday  warned of a second-quarter loss and said it no longer expected  its mobile phone business to be profitable this year, blaming  weak sales in Asia and Europe.
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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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Motorola Inc. , which has been losing market share amid criticism of its mobile phone line-up, on Thursday posted a quarterly loss as revenue fell amid weak phone sales.
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Apple and Motorola earnings disappoint the Street fueling fears that consumers will continue to decrease spending.
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With a sleek design and an even sleeker advertising campaign, Motorola Inc. is banking on its new Razr2 cell phone to pump up anemic sales and provide a rosier future after a yearlong slump punctuated by back-to-back losses.
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Motorola Inc  on Thursday  posted a small third quarter profit from continuing operations  and forecast another profit for the current quarter even as  revenue fell from a year ago.