Experiencing "significant weakness" in first-quarter orders, Schuamburg, IL-based Motorola, Inc. (NYSE:MOT) say that it doesn't expect to achieve the first-quarter 2001 sales guidance of $8.8 billion or the earnings guidance of 12 cents per share given on Jan. 11, 2001.
Slumping Razr Sales Slash Moto Earnings - Newser:: Motorola posts larger-than-expected $194M loss. BlackBerry Maker Sees Earnings Soar by 54% Strong North American sales helped Threads (1 of 2) http://www.newser.com/story/25532.html?refid=rss_all_defaultHOME |
Citing the sharp economic slowdown in the U.S. and inventory corrections taking
place broadly in technology markets worldwide, the company stated today if the present conditions continue, it will incur a first-quarter operating loss.
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Motorola is adusting its cost structure to the present conditions and will take additional cost
reduction steps in the future, as stated in a news release. The company has conducted a round of layoffs to reduce costs.
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