Feeds

Mobile phone sales triple Motorola Q4 profit

Iridium still dragging it down, though

  • alert
  • submit to reddit

High performance access to file storage

Motorola yesterday cited cellphone sales as the foundation for the income growth of over 300 per cent it experienced during its fourth quarter. But for a one-off charge to cover the company's exposure to the much-troubled satellite mobile phone operation Iridium, the figure would have been much higher. So, after $740 million had been accounted for by Iridium, Motorola ended up with an operating profit of $514 million, well up on the $159 million it reported for the same period last year. Other exceptional items take the latest figure down to $349 million. Overall, the company's sales rose from $8.3 billion to $8.5 billion, a little over two per cent. Sales in the cellphone sector rose 13 per cent during the period, and accounted for $3.5 billion. Motorola's other key business, semiconductors, experience sales growth of 15 per cent, to $1.8 billion. Across the two sectors, orders were up 12 per cent and 24 per cent, to $3.6 billion and $2.0 billion, respectively. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.