Feeds

Motorola warns of quarterly loss

Weak phone sales blamed

Security for virtualized datacentres

Motorola has warned that it expects to see a first quarter loss after a downturn in sales of its mobile phones.

It has scaled back its sales forecast by at least $1bn for the first quarter of 2007 with a new projection set at between $9.2bn and $9.3bn.

The company also said it will accelerate its share buyback programme.

According to today's Financial Times this is seen as a move to appease billionaire Wall Street investor Carl Icahn, who has expressed his intention to acquire a six per cent stake in Motorola, which would make him the firm's second largest shareholder.

Motorola chief executive Ed Zander said: "Performance in our mobile phone business continues to be unacceptable and we are committed to restoring its profitability.

"After a further review following the leadership change in our mobile devices business, we now recognise that returning the business to acceptable performance will take more time and greater effort."

In related news, Motorola, the world's second largest mobile phone maker, has announced a number of appointments following the departure of former head of the mobile business Ron Gariques last month.

Greg Brown becomes president and chief operating officer with immediate effect, while Thomas Meredith will step into David Devonshire's shoes as acting chief financial officer from 1 April.

Shares in Motorola are currently trading at $18.74 on the New York Stock Exchange. ®

Security for virtualized datacentres

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

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.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.