Feeds

Motorola Q2 chip sales slide

Losses mount

  • alert
  • submit to reddit

Motorola's chip division, the Semiconductor Products Sector (SPS), lost $134 million during the three months to 28 June, the second quarter of its current fiscal year, 2003, the company reported yesterday.

Sales during the period were down 11 per cent year-on-year to $1.1 billion. Orders slipped 25 per cent to $1 billion.

This time last year, SPS lost $81 million. One-off charges widened that to $1.3 billion. This past quarter's exceptional items reduced SPS' overall loss to $125 million.

The company put the blame on SARS and the virus' impact on sales in China. It also hit Motorola's wider product lines, particularly its mobile phone offerings.

As a whole, Motorola made $119 million (five cents a share), well up on the $2.3 billion loss (102 cents a share) it announced this time last year. However, revenues fell ten per cent from $6.9 billion to $6.2 billion.

Looking ahead, the company said it expects Q3 revenue to fall within the $6.3-6.5 billion range. ®

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.