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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.

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

Sprint to launch HTC Touch

Combining a dynamic touch screen experience with industry-leading network speeds, Sprint and HTC Corp. announced the upcoming availability of Touch by HTC, a full touch screen wireless phone integrating Windows Mobile 6 with advanced entertainment features. Operating on the Sprint Mobile Broadband network, the stylish Touch by HTC brings together email and other essential business applications with Sprint’s exclusive multimedia content including over-the-air music downloads, live TV and more.

Versatile and compact, Touch by HTC provides quick and easy access to Sprint-exclusive content, including:

* Sprint Music Store(SM), powered by Groove Mobile, which allows users to browse and wirelessly download full-length songs directly to their phone from a selection of more than 1.8 million songs

* Sprint Exclusive Entertainment (SEE), the industry’s only made-for-mobile sports and entertainment video programming network

* Sprint TV(SM) with more than 50 channels of live and on-demand video and audio.

* More than a dozen streaming radio stations , including Sprint Radio and SIRIUS

* On-Demand with up-to-date information on sports, weather, news, money and more customized by zip code.

Touch by HTC offers MicroSD card slot that supports up to 4GB ��������� a 512MB card is included with the device. Additional features include a 2.0 MP camera/camcorder with up to 5X zoom, advanced stereo Bluetooth and Voice-activated dialing.

Touch by HTC measures 4.0″ x 2.4″ x 0.6″ and weighs just 4 ounces. This device will be priced at $249.99 with a two-year subscriber agreement and a $100 mail-in rebate. Standard data rates apply for music and other content downloads.

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Touch by HTC will be available on November 4 in all Sprint channels including http://www.Sprint.com and 1-800-SPRINT1. Customers can register to be among the first to purchase Touch by HTC at http://www.sprint.com/touch.

October 18, 2007 Posted by | cell news, HTC, HTC Touch, lastest mobile news, Mobi news, Sprint, Sprint - HTC Touch | Leave a comment