Motorola's losses are worse than expected

Article Abstract:

Motorola registered a loss of $206 million, or 9 cents per share, during 1st qtr 2001, its first quarterly loss ever in more than 15 years. During the year-ago period, Motorola reported a net income of $481 million, or 21 cents per share. The Schaumberg-based company had one-time charges of 279 million, compared with $39 million in 2000. Analysts surveyed by Thomson Financial/First Call were expecting Motorola to post a quarterly loss of just 7 cents per share.

Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Cellular Mobile Tel Equip, Wireless telephones

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Wireless industry takes hit from economic woes

Article Abstract:

The article discusses the current state of the wireless industry, which is beginning to suffer as much as the telecom and high-tech industries. Motorola, for instance, warned that its third-quarter revenue would be flat with the second quarter. It also said that it would cut 2,000 jobs.

Labor force information, Communications Equipment, Communications Equipment Manufacturing, Telecommunications equipment, Abstract, MOT

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