The company that brought us the infamous RAZR is slowly dying and with figures like these I bet the board of trustees wishes it was 2005 again.
Mobile Devices segment sales were $4.8 billion, down 38 percent compared with the year-ago quarter. The operating loss was $388 million, compared with operating earnings of $341 million in the year-ago quarter. For the full year 2007, sales were $19.0 billion, a 33 percent decrease compared to 2006, and the segment incurred an operating loss of $1.2 billion, compared to operating earnings of $2.7 billion in 2006. During the quarter, the company shipped 40.9 million handsets.
Who is going to put them out of their misery? Motorola used to be the butt of all my mobile telecommunications jokes, only behind America of course, now I just feel bad for them. In related use they decided to use Qualcomm for their 3G chipsets.