Motorola cuts may not hurt Chandler
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Although Motorola Inc. announced it is cutting 1,000 jobs at its facilities worldwide, Chandler economic development officials Tuesday said the city should not see a negative impact at the company&#39;s two sites.
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Motorola posted a loss from continuing operations of $38 million, or 2 cents a share, compared with a profit of $1.35 billion, or 54 cents per share, a year earlier.
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InfoWorld - The day after&#160;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.
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This company won't get burned by a downturn.
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Less than two years past the most successful stretch in its 80-year history, Motorola Inc. is considering a sale or spinoff its now free-falling cell phone business.
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Sprint&#39;s negotiations to buy Nextel have ignited fears that Motorola will lose its exclusive deal to supply phones and equipment to Nextel.
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As Motorola considers spinning off its cell phone business, CNET takes a look at the company's hits and misses.
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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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Motorola mulls breaking up its business as it battles to recover from losses and weak sales.
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Nortel Networks on Monday declined to comment on a news report that the company is negotiating with Motorola to...
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Shares of Motorola (MOT:NYSE - news - research) rose Tuesday after Geoffrey Frost, senior vice president of Motorola&#39;s mobile phone division, told Reuters that the company feels &quot;very good&quot; about sales growth during the second half of the year.
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Motorola Inc (MOT.N), the world's No. 3 mobile phone maker, said on Thursday it would explore strategic alternatives including a possible separation of its mobile devices business from its other units.
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Sprint Nextel Corp. isn't apologizing for its decision to ax customers it determined were calling customer service too often.
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Motorola said on Thursday it has extended for three years a deal to supply Nextel Communications with telecommunications equipment, allaying fears that Sprint buyout of Nextel would threaten the relationship.
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Telecommunications equipment maker Motorola Inc.  said on Tuesday that it would cut 1,000 jobs and take related charges of about &#36;50 million to focus on its wireless business.
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Motorola Inc., the world's No. 2 maker  of cell phones, on Tuesday said it would cut 1,000 jobs in  three of its units as it puts its effort behind wireless  communications in an increasingly competitive market.
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Motorola Inc. may have gotten a  Christmas present from rival cell phone maker Samsung -- the  Asian company was slow to beef up its product portfolio in time  for the holiday season, giving Motorola's newest feature-rich  phones an edge, analysts said.