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NEWS ABOUT: Motorola

Finally, a Real Phone Camera

Picture-perfect phone closes the shutter on camera phone rivals

(Newser) - Adding a camera to a phone isn't exactly a novel concept, but the Motozine ZN5 breaks the mold by making it a proper digital camera instead of a feeble afterthought, David Pogue writes in the New York Times. For quality, he raves, "the ZN5’s photos trump anything offered... More »

iPhone Dethrones Razr as Top Seller in US

Apple's sells 6.8M of 3G phones in recent quarter

(Newser) - Apple’s new iPhone model is now the top-selling mobile phone among US adults, Macworld reports, having displaced Motorola’s Razr in the third quarter. The Razr had topped the category—which doesn’t take business purchases into account—for 12 consecutive quarters. Apple says it sold 6.8 million... More »

Google Weighs New Venture Capital Arm

Search engine giant may look to seed start ups

(Newser) - Google is planning to launch a venture capital arm, the Wall Street Journal reports, and has hired an entrepreneur who's also been an investor to head the project. Other tech firms, including Intel, Motorola, and Comcast, already have VC units. Just how big a commitment Google will make and what... More »

Cellphone Sales Drop

Recession driving down sales

(Newser) - The cellphone market is experiencing a significant sales slide, with the most serious decline so far among lower-income users, reports the Wall Street Journal. Studies reveal first quarter sales dips ranging from 5% to  22%. Analysts expect growth to slow even further. The market may be reaching saturation with 83%... More »

Slumping Razr Sales Slash Moto Earnings

Motorola posts larger-than-expected $194M loss

(Newser) - Apple and Nokia chewed away at Motorola’s cellphone market share, pushing the troubled handset maker to a larger first-quarter loss than expected, Bloomberg reports. Moto lost $194 million, or 9 cents a share, and revenues fell 21% to $7.45 billion. The company also  issued a bleak forecast for... More »

Motorola Agrees to Seat 2 Icahn Board Picks

Billionaire, company reach truce; Icahn drops proxy threat

(Newser) - Carl Icahn, who last month pressured Motorola into selling off its troubled mobile phone division, added win No. 2 yesterday in his battle with the telecommunications equipment maker, as the company agreed to nominate two Icahn’s candidates to its board, the Wall Street Journal reports. Icahn will drop his... More »

Moto Slashes Workforce

Cell phone maker cuts more jobs as it readies spin off; takes $104M loss

(Newser) - Troubled cell phone maker Motorola is laying off another 2,600 workers and will take a first quarter pretax charge of some $104 million to cover severance costs, reports the AP. Moto has cut its workforce by more than 10,000 workers since January 2007, as the company's . mobile phone... More »

Icahn Wins: Motorola Will Spin Off Mobile Unit

Company says it will spin off foundering mobile unit that's lost $1.2 billion

(Newser) - Motorola blinked in its showdown with billionaire investor Carl Icahn, announcing this morning it will spin off the foundering mobile-device division that lost $1.2 billion last year and has seen its share of the mobile phone market shrink from 22% to 12%, reports Bloomberg. Moto’s stock rose 6.... More »

Icahn Ups Ante in Motorola Battle

Billionaire investor sues for board documents in proxy fight

(Newser) - Billionaire Carl Icahn is turning up the heat on Motorola in his battle for more control, filing a lawsuit for access to board documents. The move follows his rejection of the company’s offer of two board seats—instead of the four he's seeking—and calling its refusal to seat... More »

Motorola Left Holding Troubled Handset Unit

With no buyer in sight for wireless equipment division, company may look to self-reform

(Newser) - It’s looking increasingly important for Motorola to shore up its troubled handset unit itself, as no buyers have materialized in the near-month since the company said it was exploring options for the business, reports BusinessWeek. Fixing the problematic division would make it easier to attract a higher sale price,... More »

Patent Battle Breaks Out Between Motorola, RIM

Firms exchange suits after licensing agreement disintegrates

(Newser) - A patent battle has flared between BlackBerry maker RIM and Motorola after the two failed to agree on terms to renew an existing licensing agreement, reports the Wall Street Journal.The friction comes as each company is intruding into the other's turf: Motorola by building Blackberry-like email devices, RIM by... More »

India Rolls Out $20 Cell Phone

The bare-bones 'people's phone' aimed at the half of Indians who have no mobile

(Newser) - On the heels of India’s $2,400 car comes its $20 mobile handset, the “people’s phone,” the Times of London reports. It has no smart features—not even a screen. “It is just a phone,” says the chairman of Spice Mobile, the phone’s... More »

Motorola, Nortel Talk Joint Venture

Latest deal in ailing telecom-equipment industry

(Newser) - Motorola and Nortel are in talks about a possible merger of their wireless-infrastructure units, insiders tell the Wall Street Journal. In the works is a joint venture with Nortel holding a majority stake and likely revenues of around $10 billion from sales of network equipment for wireless phone carriers. The... More »

Motorola May Sell Ailing Cell Phone Division

Company struggling against smart phone competition

(Newser) - Motorola, battered by more innovative competitors in the cell phone industry, is considering spinning off or selling its flagship mobile phone division to concentrate on other parts of its business. Motorola, which once rocked the industry with its innovative StarTAC flip phone and the ultra-slim Razr, now plans to refocus... More »

Motorola Profit Plummets 84% in Q4

Mobile-phone maker loses market share to Apple, Samsung

(Newser) - Motorola, blaming loss of market share to Apple and Samsung, today reported a fourth-quarter profit plunge of 84%. The nation’s largest mobile-phone maker said phone shipments fell 38%, and sales fell 18.2%. Reviving its ailing cellphone unit will take longer than expected, Motorola said, forecasting a loss next... More »

As Razr Loses Edge, Motorola Could Cut Itself

Top investor wants the struggling company to break up

(Newser) - In an era of rampant telecom convergence, Motorola may be headed the other way. With its once-popular Razr phone leading a money-losing cellphone business, Carl Icahn, the company’s No. 3 shareholder, thinks slicing up the company would create $20 billion in shareholder wealth. The math works, the Wall Street ... More »

Motorola CEO Zander Will Step Down

He's been under fire for a year over disappointing results

(Newser) - Motorola's besieged CEO, Edward J. Zander, will step down at the end of the year, the Wall Street Journal reports. Zander, who has been under fire from investors for a year for sluggish growth, will be replaced by current president Greg Brown. Motorola's shares rose in response to the news. More »

Court Upholds $1B Judgment for Motorola

Rejects claim that fraud damages amount to 'economic death sentence'

(Newser) - A federal appeals court has upheld a finding of $1 billion in punitive damages against the Uzan family of Turkey for defrauding Motorola out of $2 billion in start-up loans, the Wall Street Journal reports. The family had argued that the damages were so high that they amounted to an... More »

Sprint, Clearwire Network Deal Shelved

Collapsed deal heavy blow to Clearwire

(Newser) - An ambitious agreement between Sprint Nextel and Clearwire to built a nationwide WiMax wireless network, reaching 100 million people by late next year, is on the rocks, insiders tell the Wall Street Journal. The transaction apparently collapsed under the weight of its complexities, aggravated by Clearwire's larger-than-expected third-quarter losses and... More »

Motorola CEO Silences Critics (For Now)

Zander exhales as company reports third-quarter profit

(Newser) - Motorola CEO Ed Zander may have won at least a temporary reprieve from some of the harsh criticism he's endured in recent months, as the largest US maker of mobile phones reported a third-quarter profit today. Evading a straight-up loss through aggressive cost-cutting, Motorola earnings were down 94%, but it... More »

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