e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

Latest
Special> Global Financial Crisis> Latest
UPDATED: February 4, 2009
Motorola Posts Quarterly Loss of $3.6 Bln
The Chicago suburb-based company also announced that its Board of Directors voted to suspend the declaration of quarterly cash dividends on the company's common stock
Share

Motorola, Inc. on Tuesday reported a net loss of 3.6 billion U.S. dollars, or 1.57 dollars per share, in the fourth quarter of 2008.

The Chicago suburb-based company also announced that its Board of Directors voted to suspend the declaration of quarterly cash dividends on the company's common stock.

Its fourth-quarter sales fell 26 percent to 7.1 billion dollars. The company's mobile devices segment sales were 2.35 billion dollars, down 51 percent compared with the year-ago quarter. In October, Motorola delayed plans to split off its phone unit due to the global economic woes.

Motorola shipped 19.2 million handsets in the fourth quarter, down from 41 million in the same period of 2007. Motorola has been losing market shares faster than its competitors.

Last month, Motorola said it would further shave 4,000 workers, as the embattled company struggled to weather the market slump.

The company's outlook for the first quarter is a loss of 10 cents to 12 cents per share.

(Xinhua News Agency February 4, 2009)



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved