Motorola Incorporated
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Meet Motorola's In-House Tech Anthropologist
www.technewsworld.com | 20 hours 9 minutes ago
The most important technology news, developments and trends with insightful analysis and commentary. Coverage includes hardware, software, networking, wireless computing, personal technology, security and cutting-edge technology from the business world to the consumer world.
Sound OFF! Editor's Blog
www.controlglobal.com | Jul 3, 2008
Want to know what's going on in the industry? Our Editors blog from just about anywhere on almost any process automation topic. Read our latest blog, “The European Perspective on ISA Expo 2007”
Going mobile: Motorola survey reveals significant savings from GPS-enabled technologies
www.mbtmag.com | Jul 2, 2008
At a time when fuel costs are on the rise, every penny and minute counts in keeping mobile workers on the road and efficiently working throughout the day. A new report on the mobile workforce cites global positioning system (GPS) technology as an essential tool for the mobile workforce in the
For Motorola scientists, nosiness can be a virtue
www.tmcnet.com | Jul 2, 2008
(Chicago Tribune (KRT) Via Acquire Media NewsEdge) CHICAGO _ Crysta Metcalf has eavesdropped on the conversations of strangers, pored over their personal photographs and grilled them on their closest relationships. Such nosiness is all part of her job of studying people and how they communicate.
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Automotive Controls Engineer, Motorola Chips - East Anglia - CWJobs.co.uk
www.cwjobs.co.uk
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Motorola Case Study: Omsk, Russia
whitepapers.techrepublic.com.com
The service provider T-Service is deploying wireless broadband to cover as much as 90 percent of the territory of the city of Omsk, Russia, which supports a population of more than 1.4 million people. The network was originally planned to support the commercial transfer of information from filling
http://whitepapers.techrepublic.com.com/abstract.aspx?docid=360769
Mid-Day Report
www.mbtmag.com
While advancements in wireless technologies give rise to wireless sensors and sensor networks, a reduction in the cost of mature technologies such as Zigbee and Wi-Fi have led to new applications and larger deployments.
News from Zibb.com
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Motorola Announces First-Quarter Financial Results - Zibb.com
SCHAUMBURG, Ill., April 24, 2008 /PRNewswire via COMTEX/ --
SCHAUMBURG, Ill., April 24 /PRNewswire-FirstCall/-- Motorola, Inc. (NYSE: MOT) today reported sales of $7.45 billion in the first quarter of 2008. The net loss from continuing operations in the first quarter of 2008 was $194 million, or $0.09 per share. The net loss from continuing operations includes net charges of $0.04 per share from highlighted items, primarily related to a charge associated with workforce reductions.
The Company had an operating cash outflow of $343 million and ended the quarter with a net cash* position of $3.5 billion.
"During the first quarter, we made an important strategic decision to separate the Company, creating two independent, publicly traded entities," said Greg Brown, president and chief executive officer. "Improving the product portfolio in Mobile Devices and positioning both businesses for future success remains a top priority. Our Home and Networks Mobility and Enterprise Mobility Solutions businesses continue to expand their portfolios of solutions, grow internationally and deliver solid financial results."
Operating Results
Mobile Devices segment sales were $3.3 billion, down 39 percent compared to the year-ago quarter. The operating loss was $418 million, compared to an operating loss of $233 million in the year-ago quarter. During the quarter, the Company shipped 27.4 million handsets.
Mobile Devices highlights:
-- Began shipping six new devices during the quarter, including the
ROKR U9 music phone and several W-Series devices for the mass market
-- Introduced and began shipping the HSDPA MOTO Z9, a slider design with
innovative features such as Motorola CrystalTalk(TM) audio-enhancing
technology, video share and navigation; expanded the MOTO Q family of
smartphones, by announcing the MOTO Q(TM) 9c and MOTO Q(TM) 9c lime
-- Completed the acquisition of Soundbuzz Pte., Ltd., a leading pan-Asian
music provider
Home and Networks Mobility segment sales were $2.4 billion, up 2 percent compared to the year-ago quarter. Operating earnings were $153 million, compared to operating earnings of $167 million in the year-ago quarter.
Home and Networks Mobility highlights:
-- Strong demand for High Definition and DVR devices resulted in shipments
of over four million digital entertainment devices during the quarter,
including a milestone three millionth IP device to-date
-- Sales outside North America grew 30 percent compared to the year-ago
quarter, led by Europe and Latin America
-- Continued leadership in WiMAX with significant wins in Saudi Arabia and
Taiwan
-- Announced several portfolio expansions, including a common wireless
broadband platform to support both WiMAX and LTE and a family of MPEG-4
capable digital entertainment devices
-- Announced major GSM awards in Saudi Arabia totaling nearly $500 million
-- Acquired a leading Chinese digital cable company, Dahua Digital,
enabling a broader digital device portfolio for the Chinese market
Enterprise Mobility Solutions segment sales were $1.8 billion, up 5 percent compared to the year-ago quarter. Operating earnings increased to $250 million, compared to operating earnings of $131 million in the year-ago quarter.
Enterprise Mobility Solutions highlights:
-- Strong international demand continued in commercial enterprise and
public safety markets as sales outside of North America grew by
23 percent compared to the year-ago quarter
-- Key international systems wins including a digital communications award
from the Royal Malaysian Police
-- Introduced the RFS6000 LAN solution to provide mid-size enterprises a
low-cost, all-wireless solution and expanded the wireless broadband
portfolio with the introduction of an OFDM-based Canopy 400 solution
-- Acquired majority ownership of Vertex Standard, which opens up new
market opportunities and enables a broader product portfolio for
customers worldwide
Second-Quarter 2008 Outlook
The Company's outlook for the second quarter is a loss from continuing operations of $0.02 to $0.04 per share. This outlook excludes any reorganization of business charges associated with the Company's operating expense reduction initiatives, as well as any other items of the variety highlighted by the Company in its quarterly earnings releases.
Consolidated GAAP Results
A comparison of results from operations is as follows:
First Quarter
---------------
(In millions, except 2008 2007
per share amounts) ------ ------
------------------------------------------------------------------------
Net sales $ 7,448 $ 9,433
Gross margin 2,145 2,454
Operating loss (269) (366)
Loss from continuing operations (194) (218)
Net loss (194) (181)
Diluted loss per common share:
Continuing operations $(0.09) $(0.09)
Discontinued operations - 0.01
-----------------------
$(0.09) $(0.08)
-----------------------
Weighted average diluted common
shares outstanding 2,257.0 2,372.3
------------------------------------------------------------------------
Conference Call and Webcast
Motorola will host its quarterly conference call beginning at 8:00 a.m. Eastern Time (USA) on Thursday, April 24, 2008. The conference call will be web-cast live with audio and slides at http://www.motorola.com/investor.
Definitions
* Net Cash equals Cash and cash equivalents plus Sigma Fund (current and
non-current) plus Short-term investments minus Notes payable and current
portion of long-term debt minus Long-term debt.
Business Risks
This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, Motorola's financial outlook for the second quarter of 2008. Motorola cautions the reader that the risk factors below, as well as those on pages 18 through 27 in Item 1A of Motorola's 2007 Annual Report on Form 10-K and in its other SEC filings, could cause Motorola's actual results to differ materially from those estimated or predicted in the forward-looking statements. Factors that may impact forward-looking statements include, but are not limited to: (1) the Company's ability to improve financial performance and increase market share in its Mobile Devices business; (2) the level of demand for the Company's products; (3) the Company's ability to introduce new products and technologies in a timely manner; (4) the possible negative effects on the Company's business operations, financial performance or assets as it moves forward with plans to create two independent, publicly traded companies; (5) unexpected negative consequences from the Company's ongoing restructuring and cost-reduction activities; (6) the uncertainty of current economic and political conditions, as well as the economic outlook for the telecommunications and broadband industries; (7) the impact of tax relief, interest rate reduction and liquidity infusion efforts to stimulate the economy; (8) the Company's ability to purchase sufficient materials, parts and components to meet customer demand; (9) risks related to dependence on certain key suppliers; (10) the impact on the Company's performance and financial results from strategic acquisitions or divestitures, including those that may occur in the future; (11) risks related to the Company's high volume of manufacturing and sales in Asia; (12) the creditworthiness of the Company's customers and distributors, particularly purchasers of large infrastructure systems; (13) variability in income received from licensing the Company's intellectual property to others, as well as expenses incurred when the Company licenses intellectual property from others; (14) unexpected liabilities or expenses, including unfavorable outcomes to any pending or future litigation or regulatory or similar proceedings, including without limitation any relating to the Iridium project; (15) the impact on the Company from volatility in the commercial paper, debt and equity markets; (16) the impact of foreign currency fluctuations; (17) the impact on the Company from continuing hostilities in other countries; (18) the impact on the Company from ongoing consolidation in the telecommunications and broadband industries; (19) the impact of changes in governmental policies, laws or regulations; (20) the outcome of currently ongoing and future tax matters; and (21) negative consequences from the Company's outsourcing of various activities, including certain manufacturing, information technology and administrative functions. Motorola undertakes no obligation to publicly update any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com.
Motorola, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(In millions, except per share amounts)
Three Months Ended
--------------------------------
March 29, December 31, March 31,
2008 2007 2007
--------- ------------ ---------
Net sales $7,448 $9,646 $9,433
Costs of sales 5,303 7,106 6,979
--------- ------------ ---------
Gross margin 2,145 2,540 2,454
--------- ------------ ---------
Selling, general and administrative
expenses 1,183 1,273 1,313
Research and development expenditures 1,054 1,097 1,117
Other charges (income) 94 101 200
Intangibles amortization and IPR&D 83 88 190
--------- ------------ ---------
Operating loss (269) (19) (366)
--------- ------------ ---------
Other income (expense):
Interest income (expense), net (2) 11 41
Gains (loss) on sales of
investments and businesses, net 19 41 (1)
Other (9) - (1)
--------- ------------ ---------
Total other income (expense) 8 52 39
--------- ------------ ---------
Earnings (loss) from continuing
operations before income taxes (261) 33 (327)
Income tax benefit (67) (78) (109)
--------- ------------ ---------
Earnings (loss) from continuing
operations (194) 111 (218)
Earnings (loss) from discontinued
operations, net of tax - (11) 37
--------- ------------ ---------
Net earnings (loss) $(194) $100 $(181)
--------- ------------ ---------
Earnings (loss) per common share
--------------------------------
Basic:
Continuing operations $(0.09) $0.05 $(0.09)
Discontinued operations - (0.01) 0.01
--------- ------------ ---------
$(0.09) $0.04 $(0.08)
========= ============ =========
Diluted:
Continuing operations $(0.09) $0.05 $(0.09)
Discontinued operations - (0.01) 0.01
--------- ------------ ---------
$(0.09) $0.04 $(0.08)
========= ============ =========
Weighted average common shares
outstanding
------------------------------
Basic 2,257.0 2,280.7 2,372.3
Diluted 2,257.0 2,307.9 2,372.3
Dividends paid per share $0.05 $0.05 $0.05
--------- ------------ ---------
Percentage of Net Sales*
--------------------------------
Net sales 100% 100% 100%
Costs of sales 71.2% 73.7% 74.0%
--------- ------------ ---------
Gross margin 28.8% 26.3% 26.0%
--------- ------------ ---------
Selling, general and administrative
expenses 15.9% 13.2% 13.9%
Research and development expenditures 14.2% 11.4% 11.8%
Other charges (income) 1.3% 1.0% 2.1%
Intangibles amortization and IPR&D 1.1% 0.9% 2.0%
--------- ------------ ---------
Operating loss -3.6% -0.2% -3.9%
--------- ------------ ---------
Other income (expense):
Interest income (expense), net 0.0% 0.1% 0.4%
Gains (loss) on sales of
investments and businesses, net 0.3% 0.4% 0.0%
Other -0.1% 0.0% 0.0%
--------- ------------ ---------
Total other income (expense) 0.1% 0.5% 0.4%
--------- ------------ ---------
Earnings (loss) from continuing
operations before income taxes -3.5% 0.3% -3.5%
Income tax benefit -0.9% -0.8% -1.2%
--------- ------------ ---------
Earnings (loss) from continuing
operations -2.6% 1.2% -2.3%
Earnings (loss) from discontinued
operations, net of tax 0.0% -0.1% 0.4%
--------- ------------ ---------
Net earnings (loss) -2.6% 1.0% -1.9%
--------- ------------ ---------
* Percents may not add up due to rounding
Motorola, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In millions)
March 29, December 31, March 31,
2008 2007 2007
---------- ------------- ---------
Assets
Cash and cash equivalents $2,693 $2,752 $2,737
Sigma Fund 3,890 5,242 5,417
Short-term investments 465 612 801
Accounts receivable, net 4,770 5,324 6,811
Inventories, net 2,941 2,836 3,301
Deferred income taxes 1,951 1,891 1,834
Other current assets 3,773 3,565 2,818
---------- ------------- ---------
Total current assets 20,483 22,222 23,719
---------- ------------- ---------
Property, plant and equipment, net 2,577 2,480 2,545
Sigma Fund 673 - -
Investments 801 837 909
Deferred income taxes 2,679 2,454 2,119
Goodwill 4,517 4,499 4,454
Other assets 2,403 2,320 2,624
---------- ------------- ---------
Total assets $34,133 $34,812 $36,370
========== ============= =========
Liabilities and Stockholders' Equity
Notes payable and current portion
of long-term debt $174 $332 $1,757
Accounts payable 3,660 4,167 4,010
Accrued liabilities 7,942 8,001 9,062
---------- ------------- ---------
Total current liabilities 11,776 12,500 14,829
---------- ------------- ---------
Long-term debt 4,074 3,991 2,596
Other liabilities 3,103 2,874 4,146
Stockholders' equity 15,180 15,447 14,799
---------- ------------- ---------
Total liabilities and stockholders'
equity $34,133 $34,812 $36,370
---------- ------------- ---------
Financial Ratios*:
Days Sales Outstanding (including
net Long-term receivables) 58 50 65
Cash Conversion Cycle 46 33 56
ROIC 3% 4% 21%
Net Cash $3,473 $4,283 $4,602
* Defined in the Financial Ratios Definitions table
Motorola, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(In millions, except per share amounts)
Three Months Ended
---------------------------------
March 29, December 31, March 31,
2008 2007 2007
--------- ------------- ---------
Operating
Net earnings (loss) $(194) $100 $(181)
Less: Earnings (loss) from
discontinued operations - (11) 37
--------- ------------- ---------
Earnings (loss) from continuing
operations (194) 111 (218)
Adjustments to reconcile loss from
continuing operations to net cash
provided by (used for) operating
activities:
Depreciation and amortization 204 221 219
Deferred income taxes (278) (285) (181)
Other, net 58 86 186
Changes in operating assets and
liabilities, net (133) 337 2
--------- ------------- ---------
Net cash provided by (used for)
operating activities from continuing
operations (343) 470 8
--------- ------------- ---------
Investing
Acquisitions and investments, net (140) (85) (4,131)
Proceeds from sales of investments
and businesses 21 336 50
Capital expenditures (111) (134) (92)
Proceeds from sales (purchases) of
Sigma Fund investments, net 631 (265) 6,787
Other, net 152 494 (127)
--------- ------------- ---------
Net cash provided by investing
activities from continuing operations 553 346 2,487
--------- ------------- ---------
Financing
Issuance of common stock 6 151 46
Purchase of common stock (138) (557) (2,360)
Other, net (283) 14 (215)
--------- ------------- ---------
Net cash used for financing
activities from continuing operations (415) (392) (2,529)
--------- ------------- ---------
Effect of exchange rate changes on
cash and cash equivalents from
continuing operations 146 13 (45)
Net cash provided by (used for)
discontinued operations - - -
--------- ------------- ---------
Net increase (decrease) in cash and
cash equivalents (59) 437 (79)
Cash and cash equivalents, beginning
of period 2,752 2,315 2,816
--------- ------------- ---------
Cash and cash equivalents, end of
period $2,693 $2,752 $2,737
--------- ------------- ---------
Motorola, Inc. and Subsidiaries
Segment Information
(In millions)
Summarized below are the Company's net sales and operating earnings (loss)
by reportable segment for the quarters ended March 29, 2008 and
March 31, 2007.
Net Sales
------------------------------------
Quarter Ended Quarter Ended %Change
March 29, March 31, from
2008 2007 2007
------------- ------------- -------
Mobile Devices $3,299 $5,408 -39%
Home and Networks Mobility 2,383 2,337 2%
Enterprise Mobility Solutions 1,806 1,717 5%
------------- -------------
Segment Totals 7,488 9,462 -21%
Other and Eliminations (40) (29) 38%
------------- -------------
Company Totals $7,448 $9,433 -21%
============= =============
Operating Earnings (Loss)
---------------------------
Quarter Ended Quarter Ended
March 29, March 31,
2008 2007
------------- -------------
Mobile Devices $(418) $(233)
Home and Networks Mobility 153 167
Enterprise Mobility Solutions 250 131
------------- -------------
Segment Totals (15) 65
Other and Eliminations (254) (431)
------------- -------------
Company Totals $(269) $(366)
============= =============
Motorola, Inc. and Subsidiaries
Financial Ratios Definitions
Net Cash = Cash and cash equivalents + Sigma Fund (current and
non-current) + Short-term investments - Note payable and
current portion of long-term debt - Long-term Debt
Cash Conversion Cycle = DSO + DIO - DPO
-- Days sales outstanding (DSO) = (Accounts receivable + Long-term
receivables) / (Three months of net sales / 90)
-- Days sales in inventory (DSI) = Inventory / (Three months of cost of
sales / 90)
-- Days payable outstanding (DPO) = Accounts payable / (Three months of
cost of sales / 90)
Return on Invested Capital (ROIC)
(12 mth Rolling Operating Earnings excluding
Highlighted Items and including Foreign
Currency Gain/(Loss)) Tax Affected
Rolling ----------------------------------------------------
ROIC = 4 Quarter Average (Stockholders' Equity + Total Debt
- Excess Cash*)
* Excess Cash = Rolling 4 Quarter Average of Total Cash** - 5% of
Rolling Net Sales
** Total Cash = Cash and cash equivalents + Sigma Fund (current and
non-current) + Short-term investments
SOURCE Motorola, Inc.
http://www.motorola.com
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Companies: Motorola, Inc. (MOT)
MOT: Conference call regarding Motorola First-Quarter 2008 Earnings Results to be Issued on 24
Ridgeland, MS, APR 24, 2008 (EventX/Knobias.com via COMTEX) --
Motorola Inc (NYSE : MOT) will host a conference call regarding Motorola First-Quarter 2008 Earnings Results to be Issued on 24 April.
Call Details
When : Thursday, April 24, 2008
Webcast : Click Here to Listen
Source: Company Press Release
Misc Information: A replay of the conference call will be available over the Internet at http://www.motorola.com/investor, approximately three hours after the call has been completed.
GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been delayed by at least 10 minutes. To get all Knobias alerts in real-time daily, visit http://www.knobias.com/cmtx
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Companies: Motorola, Inc. (MOT)
Motorola (MOT) NewsBite - Motorola Profit Drops on Lower Sales - Zibb.com
Apr 24, 2008 (Fresh Brewed Media via COMTEX) --
Motorola Inc. (MOT) opened at 9.13. So far today, the stock has hit a low of 9.06 and a high of 9.35. MOT is now trading at 9.24, down 0.31 (-3.40%). The stock hit its 52 week high of 19.68 in October and set its 52 week low of 8.85 in April. MOT has been trading lower for most of the past year. Motorola reported today its first-quarter loss widened to $194 million on weak phone sales. The company posted a loss per shares of 9 cents on sales of $7.45 billion, while analysts predicted a loss of 7 cents per share on sales of $7.75 billion. For the second quarter, Motorola warned it expects to lose 2 to 4 cents per share from continuing operations. Technical indicators for the stock are neutral and improving while S&P gives MOT a neutral 3 STARS (out of 5) hold rating. If you're looking for a hedged play on this stock, consider a July bear-call credit spread above the $11 range. MOT stock could rise up to 19% before expiration and this position would still be profitable.
RHF - Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock
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Companies: Motorola, Inc. (MOT)
Strategy Analytics: Motorola, Sony Ericsson and Apple Lose Global Handset Marketshare in Q1 2008 -
BOSTON, Apr 25, 2008 (BUSINESS WIRE) --
According to the latest research from Strategy Analytics, global mobile handset shipments grew a healthy 14 percent year-over-year, to reach 282 million units in Q1 2008. Motorola, Sony Ericsson and Apple all lost marketshare.
Bonny Joy, Analyst at Strategy Analytics said, "Global handset shipments rose 14% annually, to 282 million units during Q1 2008. Emerging markets in Asia and Africa continue to surge and they are compensating for the sluggish demand in developed regions of North America and Western Europe."
Neil Mawston, Director at Strategy Analytics, added, "Motorola, Sony Ericsson and Apple suffered downturns. Motorola and Sony Ericsson lost marketshare to rivals with stronger handset portfolios, such as LG and Samsung, while Apple has been hit by stock-outs in North America and lackluster demand for its overpriced iPhone in Western Europe."
Other findings from Strategy Analytics' Q1 2008 Global Handset Market Share Update report include:
-- Apple's global handset shipments fell sharply, from 2.3 million units in Q4 2007 to 1.7 million in Q1 2008. Apple's global marketshare declined for the first time, from 0.7% in Q4 2007 to 0.6% in Q1 2008.
-- 2008 is shaping up to be the year of the Koreans. Improved handset portfolios enabled LG to grow at almost 4 times the annual industry average, while Samsung is growing over 2 times faster.
Global Mobile Handset Shipments and Marketshare - Top 5
Global Handset Shipments
(Millions of Units) Q1 '07 Q4 '07 2007 Q1 '08
----------------------------------------------------------------------
Nokia 91.1 133.5 437.1 115.5
Samsung 34.8 46.3 161.1 46.3
Motorola 45.4 40.9 159.0 27.4
LG Electronics 15.8 23.7 80.5 24.4
Sony Ericsson 21.8 30.8 103.4 22.3
Others 38.3 53.9 181.5 46.4
----------------------------------------------------------------------
Total 247.2 329.1 1122.6 282.3
====================================== ====== ====== ======= ======
Global Marketshare % Q1 '07 Q4 '07 2007 Q1 '08
----------------------------------------------------------------------
Nokia 36.9% 40.6% 38.9% 40.9%
Samsung 14.1% 14.1% 14.4% 16.4%
Motorola 18.4% 12.4% 14.2% 9.7%
LG Electronics 6.4% 7.2% 7.2% 8.6%
Sony Ericsson 8.8% 9.4% 9.2% 7.9%
Others 15.5% 16.4% 16.2% 16.4%
----------------------------------------------------------------------
Total 100.0% 100.0% 100.0% 100.0%
======================================================================
Total Growth Year-over-Year 11.0% 12.3% 12.0% 14.2%
About Strategy Analytics:
Strategy Analytics is a global research and consulting firm. Visit www.strategyanalytics.com.
SOURCE: Strategy Analytics
Strategy Analytics Europe / Asia : Neil Mawston, +44 1908 423 628 NMawston@strategyanalytics.com or Thomas Kang, +82 10 2874 8133 tkang@strategyanalytics.com or USA : Bonny Joy, +1 617 614 0708 BJoy@strategyanalytics.com
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Companies: Motorola, Inc. (MOT)
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News from Zibb.com
- Motorola Announces First-Quarter Financial Results - Zibb.com
- MOT: Conference call regarding Motorola First-Quarter 2008 Earnings Results to be Issued on 24
- Motorola (MOT) NewsBite - Motorola Profit Drops on Lower Sales - Zibb.com
- Strategy Analytics: Motorola, Sony Ericsson and Apple Lose Global Handset Marketshare in Q1 2008 -
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