Motorola needs more time to bring cellphone business back on track

Iria · Jan 23, 2008, 05:50 PM

Source: TG Daily
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Motorola was able to cut its loss down to $100 million ($0.01 per share) in the fourth quarter, an improvement from a loss of $623 million in Q4 2006. However, the company told investors that the return to a profit will take longer than originally expected.

"We are focused on aggressively rationalizing the company's cost structure and working to get Mobile Devices back on track," said Greg Brown, chief executive officer of Motorola. "The recovery in Mobile Devices will take longer than expected and there is a lot more work to be done.”

Jan 23, 2008, 05:50 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Motorola needs more time to bring cellphone business back on track Source: TG Daily __________ Motorola was able to cut its loss down to $100 million ($0.01 per share) in the fourth quarter, an improvement from a loss of $623 million in Q4 2006. However, the company told investors that the return to a profit will take longer than originally expected. "We are focused on aggressively rationalizing the company's cost structure and working to get Mobile Devices back on track," said Greg Brown, chief executive officer of Motorola. "The recovery in Mobile Devices will take longer than expected and there is a lot more work to be done.”