Motorola Issues Preliminary Evaluation |
|
|
|
| Written by Subhasis Chatterjee | |
| Monday, 16 July 2007 | |
|
It has come to the knowledge that Motorola, Inc. the renowned frontrunner in wireless and broadband communications today announced here today of the first round estimates of the second quarter 2007 financial results. It has been acknowledged, that though the company till now has not been able to finalize its financial results for the quarter, there happens to a high expectation on the part of the Company that the second quarter sales shall be in the range of $8.6 billion to $8.7 billion. Motorola is renowned throughout the world for its innovative techniques and leadership in wireless and broadband communications. Being inspired by the vision of Seamless Mobility, the name of Motorola has become synonymous to get and stay connected simply and seamlessly to the people, information, and entertainment. The company excels in this by designing and delivering "must have" products, "must do" experiences, and powerful networks -- along with a full complement of support services. In addition, there is an expectation on the part of the Motorola, Inc about a second quarter GAAP loss per share from the ongoing operations in the range of $(0.02 ) to $(0.04), that includes also predictable net charges of something like $0.03 – $0.04 per share that is quite related to stated workforce reductions and other highlighted items in the past. As far the info from the Company has been obtained, the main reason of the company's sudden deficit in sales and earnings for the second quarter is first and foremost is due to the exponentially lower overall unit volumes in the Mobile Devices business throughout the continents of Asia and Europe, irrespective of any particular country. The company, furthermore, insist on that the second quarter Mobile Devices shipments shall be in the region of 35 to 36 million handsets. The company's Mobile Devices business is also expected to have a larger operating loss in the second quarter when it is compared to the first quarter. However, it is to be mentioned that for the stark failure that have been registered till this moment, the company is no longer in a position to expect an effective revamp or that the Mobile Device business shall be profitable for the full year 2007. Again, the second quarter results for Connected Home Solutions and Networks & Enterprise businesses go on with to gratify the company's elevating aspirations. Motorola will, in further, make available the further standpoint on the year during the company's quarterly earnings call. Moreover, according to the latest decision, the company has the definite desire to announce its financial results for the second quarter of 2007 and host a conference call on Thursday, July 19, 2007.
|