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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Monday, March 2, 2009

Losses at Motorola

During the fourth quarter of 2008, Motorola shipped 19.2 million handsets and estimates its share of the global handset market was 6.5 percent. The Illinois-based telecoms equipment maker made a net loss of 4.16 billion US dollars in 2008, but ended the year with 7.4 billion in cash.

The company’s outlook for the first quarter of 2009 is a loss of 0.10 to 0.12 dollars per share, excluding charges associated with the company’s "operating expense reduction initiatives, as well as any other items of the variety typically highlighted by the company in its quarterly earnings releases." source: Motorola statement

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