Motorola has announced its second loss-making quarter, pushing the beleaguered manufacturer into third place behind Nokia and Samsung.

Motorola made a loss of $28m this quarter, compared to a $1.38bn profit in the same period last year.

In the US, where Motorola sells more than a third of its handsets, all eyes have been on the iPhone and competing devices, of which Motorola still has none.

But cost-cutting measures should turn the situation around, chief financial officer Tom Meredith said: "In addition to cost controls and headcount reductions, which we expect will result in cost savings of $1bn in 2008, we intend to significantly improve our cash conversion cycle and our return on invested capital".

A few new handsets probably wouldn't hurt either. ®

Related stories

• Moto phones in a billion dollar loss (23 January 2008)
• Moto says hello goodbye to Zander (30 November 2007)
• iPhone v. Q – War in the backwoods of Mississippi (29 July 2007)
• Comment Dismal Q2 evidence of deeper problems at Motorola? (16 July 2007)
• Motorola Pebl to be reborn... as a music phone (16 July 2007)
• Moto says hello to disappointment with Q2 warning (11 July 2007)
• Motorola lays off another 4,000 (31 May 2007)