Tech
Motorola posts first loss in 15 years
Motorola fell short of analysts' reduced estimates in its first quarter Tuesday and posted its first operating loss in more than 15 years. In the quarter, it posted a loss of $206 million, or 9 cents a share, on sales of $7.
Motorola fell short of analysts' reduced estimates
in its first quarter Tuesday and posted its first
operating loss in more than 15 years.
In the quarter, it posted a loss of $206 million, or 9 cents a share, on sales of $7.8 billion.
The maker of semiconductors and wireless telephone handsets twice lowered sales and earnings estimates in the quarter, but still was unable to hit the revised targets. Full story. --Larry Barrett, ZD Inter@ctive Investor