Motorola (MOT) Bleeds To Death
It was worse for Motorola (MOT) in Q2 than even most pessimists believed. The company sold only about 35 million handsets, down from 45 million in Q1 and almost 52 million in the quarter a year ago. Motorola said sales…
It was worse for Motorola (MOT) in Q2 than even most pessimists believed.
The company sold only about 35 million handsets, down from 45 million in Q1 and almost 52 million in the quarter a year ago.
Motorola said sales in the quarter ended June 30 will be between $8.6 billion and $8.7 billion, compared with its previous forecast that sales would be about $9.4 billion. The company no longer expects that handset division to be profitable for the year.
Hard to see how it could be worse.
Douglas A. McIntyre
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
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McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.