Motorola reporting 15% revenue drop
Quarterly results look bad or phone business
30 October 2008 14:25 GMT / By Katie Scott
Today has already brought rumours that thousands of job are going to go at Motorola, and now the company has compounded fears by revealing its Q3 results.
Motorola suffered a loss for the past three months and also its revenue fell a steeper-than-expected 15%.
Motorola has been struggling since late 2006, but posted a net loss of $397 million for Q3.
It shipped 25.4 million phones in the quarter compared with shipments of 37.2 million phones a year earlier.
Motorola is planning on selling its phone business but has delayed this due to the present economic conditions.
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