Motorola announced today reported sales of $9.65 billion in the fourth quarter of 2007, net earnings of $0.04 per share. In addition, specifically in the mobile device sector Motorola reported sales were $4.8 billion, down 38% compared with the year-ago quarter.
“We are focused on aggressively rationalizing the company’s cost structure and working to get Mobile Devices back on track,” said Greg Brown, chief executive officer of Motorola. “The recovery in Mobile Devices will take longer than expected and there is a lot more work to be done. Our primary focus is on improving profitability and enhancing our product portfolio in this business.”
In another release today, Motorola announced that they intend to install Qualcomm chips into certain UMTS 3G handsets beginning at the end of 2008 and in 2009.
“Qualcomm is a valued supplier and I am excited about the UMTS opportunities we are pursuing together,” said Alain Mutricy, senior vice president, platform technology, Motorola’s Mobile Devices business. “This agreement represents a further step in the execution of our silicon strategy.”
