Feeds

Moto earnings shockr

Volumes up, profits down

New hybrid storage solutions

Motorola revised its earnings forecast downwards yesterday, sending ripples of concern washing over rivals.

The handset giant now expects Q4 2006 revenue to come in between $11.6bn to $11.8bn, down from earlier estimate of $11.8bn to $12.1bn. Profit estimates were also revised down, and earnings per share are now expected to be 13 cents to 16 cents.

Motorola CEO Ed "Zandr" Zander put the blame on the wrong product mix and failing to address regional markets adequately.

The warning comes despite a healthy increase in volumes: Moto shipped 66 million units in Q4, 23 per cent up from the previous quarter.

Motorola earns the bulk of its earnings from mobile handsets, where it's No.2 to Nokia globally, but said that the performance of its networks and home divisions were on target. After two years of stellar results, Motorola's most recent quarter disappointed too.

The company discloses its earnings in full on January 19. ®

New hybrid storage solutions

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Forget silly privacy worries - help biometrics firms make MILLIONS
Beancounter reckons dabs-scanning tech is the next big moneypit
Microsoft's Office Delve wants work to be more like being on Facebook
Office Graph, social features for Office 365 going public
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.