• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Electrical Engineering News and Products

Electronics Engineering Resources, Articles, Forums, Tear Down Videos and Technical Electronics How-To's

  • Products / Components
    • Analog ICs
    • Connectors
    • Microcontrollers
    • Power Electronics
    • Sensors
    • Test and Measurement
    • Wire / Cable
  • Applications
    • Automotive/Transportation
    • Industrial
    • IoT
    • Medical
    • Telecommunications
    • Wearables
    • Wireless
  • Resources
    • DesignFast
    • Digital Issues
    • Engineering Week
    • Oscilloscope Product Finder
    • Podcasts
    • Webinars / Digital Events
    • White Papers
    • Women in Engineering
  • Videos
    • Teschler’s Teardown Videos
    • EE Videos and Interviews
  • Learning Center
    • EE Classrooms
    • Design Guides
      • WiFi & the IOT Design Guide
      • Microcontrollers Design Guide
      • State of the Art Inductors Design Guide
    • FAQs
    • Ebooks / Tech Tips
  • EE Forums
    • EDABoard.com
    • Electro-Tech-Online.com
  • 5G

Handset unit saps Motorola’s FY 2008

February 3, 2009 By Brian Santo

Motorola’s handset operation continues to drag the company down. The unit’s sinking sales translated into a 2008 loss nearly 10 times bigger than its relatively modest 2007 loss.

The company’s board suspended quarterly dividends, effective immediately.

Sales in the Home & Networks Mobility unit, which supplies equipment to the cable market, were actually up a percentage point for the year, though fourth-quarter revenue was down 5 percent from the year-previous Q4 2007. Meanwhile, the Enterprise Mobility segment was up for both 2008 and the most recently completed fourth quarter.

The Mobile Devices segment is Motorola’s anchor, with fourth-quarter sales off by half from a year ago and down 36 percent for the entire year.

Motorola as a whole turned in a 2008 loss of $4.1 billion; the Mobile Devices operation was responsible for $2.2 billion of that. Motorola’s 2007 loss was $49 million, with Mobile Devices tallying a $1.2 billion loss.

Greg Brown, Motorola’s president, co-CEO and CEO of Broadband Mobility Solutions, and Sanjay Jha, co-CEO and CEO of Mobile Devices, issued a joint statement that said: “In light of the economic climate and challenges we face, we have implemented aggressive measures to reduce costs and improve financial flexibility, particularly in Mobile Devices. The cost-reduction actions underway are expected to generate aggregate savings of approximately $1.5 billion in 2009.”

Motorola was on a path to sell the Mobility Devices segment, but could not find a buyer.

The company provided the following highlights for its Home & Networks Mobility fourth quarter:

  • Expanded operating margin to 9.9 percent of sales from 7 percent of sales in the year-ago quarter
  • Shipped 4.7 million digital entertainment devices, compared with 3.4 million in the year-ago quarter, due to continued strong demand for HD, HD/DVR and IPTV devices
  • Continued to make progress in 4G technologies, including initial sales on WiMAX and completion of industry’s first over-the-air Long Term Evolution (LTE) data sessions in the 700MHz spectrum

The company also named Edward J. Fitzpatrick, its senior vice president and corporate controller, acting chief financial officer, effective immediately, replacing Paul J. Liska, former CFO. Motorola said it has initiated a search to identify a replacement.

Motorola’s outlook for the first quarter is a loss of 10 cents to 12 cents per share. This outlook excludes 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.

More Broadband Direct 02/03/09:
•  Cox gets LSA contract in Virginia
•  Handset unit saps Motorola’s FY 2008
•  Silicon Image joins MoCA
•  Cable Show ’09 sessions to feature top cable execs
•  WICT names ’09 chapter presidents, advisors
•  FairPoint customers lose e-mail service in switch
•  Broadband Briefs for 02/03/09

 

DesignFast Banner version: 03ee18d1

Filed Under: Wire and Cable Tips

Primary Sidebar

EE Training Center Classrooms

EE Classrooms

Featured Resources

  • EE World Online Learning Center
  • CUI Devices – CUI Insights Blog
  • EE Classroom: Power Delivery
  • EE Classroom: Building Automation
  • EE Classroom: Aerospace & Defense
  • EE Classroom: Grid Infrastructure
Search Millions of Parts from Thousands of Suppliers.

Search Now!
design fast globle

R&D World Podcasts

R&D 100 Episode 7
See More >

Current Digital Issue

Our second 5G Handbook is now available

Featuring 15 articles, the 2022 5G Handbook looks at private networks, timing, connectivity, latency, mmWaves, test, and other topics.

Digital Edition Back Issues

Sponsored Content

Positioning in 5G NR – A look at the technology and related test aspects

Radar, NFC, UV Sensors, and Weather Kits are Some of the New RAKwireless Products for IoT

5G Connectors: Enabling the global 5G vision

Control EMI with I-PEX ZenShield™ Connectors

Speed-up time-to-tapeout with the Aprisa digital place-and-route system and Solido Characterization Suite

Siemens Analogue IC Design Simulation Flow

More Sponsored Content >>

RSS Current EDABoard.com discussions

  • Reducing switching noise in MOSFET inverter
  • LLC HB with synchronous rectifiers can be very dodgy?
  • ADS Cascode Power Amplifier Loadpull Problem
  • building lm2596 dc dc using Arduino uno
  • HFSS simulation problem

RSS Current Electro-Tech-Online.com Discussions

  • Where is the fuse ?
  • Capacitor to eliminate speaker hum
  • Test lead management ideas ?
  • PC/laptop working and processing so much harder on low quality connection
  • undefined reference header file in proteus

Oscilloscopes Product Finder

Footer

EE World Online

EE WORLD ONLINE NETWORK

  • 5G Technology World
  • Analog IC Tips
  • Battery Power Tips
  • Connector Tips
  • DesignFast
  • EDABoard Forums
  • Electro-Tech-Online Forums
  • Engineer's Garage
  • Microcontroller Tips
  • Power Electronic Tips
  • Sensor Tips
  • Test and Measurement Tips
  • Wire & Cable Tips

EE WORLD ONLINE

  • Subscribe to our newsletter
  • Lee's teardown videos
  • Advertise with us
  • Contact us
  • About Us
Follow us on TwitterAdd us on FacebookConnect with us on LinkedIn Follow us on YouTube Add us on Instagram

Copyright © 2022 · WTWH Media LLC and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media.

Privacy Policy