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Motorola Reports Continued Q1 Losses

Motorola announced continued losses for its handset unit today, sending its shares down by as much as 16% in morning trading.  The U.S. handset manufacturer said it expects to post an operating loss for the current quarter due to a slower than expected recovery in its handset business.  The announcement overshadowed the company’s Q4 results, which, while not positive, were in line with expectations.

For Q4, Motorola posted an operating loss of $388 million, compared with a profit of $341 million for the same quarter a year earlier. Sales of mobile phones fell 38% to $4.8 billion, with 40.9 million units sold.

Motorola’s new CEO Greg Brown admitted the company’s previous strategy to return the handset business to profitability was not working. “We are focused on aggressively rationalizing the company’s cost structure and working to get Mobile Devices back on track,” Brown said, via a statement. “The recovery in Mobile Devices will take longer than expected and there is a lot more work to be done.”

For the current quarter, the company forecast continuing operating losses per share of 5 to 7 cents, before any reorganization charges, while analysts had expected a profit of as much as 10 cents per share for the first quarter of 2008.

In more bad news for Motorola, the UK’s Financial Services Authority (FSA) has launched an investigation of insider trading regarding the company’s purchase of TTP Communications in 2006. The FSA accused Christopher McQuoid and James Melbourne, former general counsel for TTP Communications, of having knowledge of Motorola’s plans to purchase the company, when the two purchased more than 153,000 shares in the company. Both pleaded not guilty.

January 24, 2008 Posted by | Cellphone, cellphone news, mobi fun, Mobi news, Mobile events, mobile facts | , , , , | Leave a comment

Look for the iKon to head out into the field in December 2007.

 
 

Click to ZoomThe BlackBerry Pearl 2 may be all shiny and pretty, but the iKon PDA phone from Psion Teklogix will withstand a brutal beating and never skip a beat. The ulgra rugged PDA is designed to handle the worst that Mother Nature has to offer, all while keeping you connected to the wide world around you.

It’s got a bevy of wireless radios hidden beneath that rough-and-tumble shell, include 3G cellular (GSM/GPRS/UMTS), WiFi, Bluetooth, and GPS. It’d probably be a big draw on the battery, but you could theoretically run all four radios at the same time too. You also get the option between Windows CE.NET 5, Windows Mobile 6 Classic, or Windows Mobile 6 Professional.

Other vital features include a full VGA display and the highest battery capacity of the market. Look for the iKon to head out into the field in December 2007.

October 26, 2007 Posted by | blackberry and Pds iKon, iKon PDA, mobi fun, mobile fact, mobile newa, PDa news, Psion Teklogix, upcoming mobile devices | Leave a comment