Motorola announced a huge financial loss and a change in leadership
February 5, 2009, 4:25 pm
The company Motorola followed the other major vendor has brought financial performance for the fourth quarter of 2008. It was announced on the huge loss of $ 3, 6 billion with annual losses reached $ 2, 4 billion total sales amounted to $ 30, 1 billion Sales of Mobile Devices unit fell by 51% compared to the fourth quarter of 2007 year to $ 2, 35 billion of sales in year on year is $ 12, 1 billion is 36% less than in 2007. Operating losses are equal to $ 2, 2 billion quarter, the company shipped over 19, 2 million devices. Motorola expects that the loss in the first quarter of 2009 will be at the level of $ 250-300 million because of the difficult situation for Motorola, it was decided to replace its chief financial director. Chair Paul J. Liski (Paul J. Liska) won the Edward J. Fitzpatrick (Edward J. Fitzpatrick), also held the post of senior vice president and corporate manager.