Motorola's Woes Continue |
| TheStreet.com - Jan 23, 2008 |
Motorola hits fourth quarter targets but guides down as troubles continue in its mobile phone unit.
The Schaumburg, Ill. wireless tech giant posted an adjusted profit of 14 cents a share, well below they year-ago level of 26 cents, but a penny better than the 13 cents analysts were looking for.
Sales for the fourth quarter were $9.65 billion, greater than the $9.43 billion level a year ago and slightly above the $9.6 billion Wall Street was expecting.
"We are focused on aggressively rationalizing the company's cost structure and working to get Mobile Devices back on track," CEO Greg Brown said in a press release. "The recovery in Mobile Devices will take longer than expected and there is a lot more work to be done," he continued.
Read Full Article from TheStreet.com
- Posted: 2008-01-23 09:30:47
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