Motorola Q1 Dismal, But Android Phone In Works


It is said (since I have no experience of this myself) that soap operas provide optimism because the situations are so depressing they make you feel better about yourself. I wonder if that's how the rest of the industry sees Motorola...?

The troubled communications giant (if a shrinking one) has this week reported yet more awful financial results for what seems the millionth quarter in succession. Net losses were a whopping $231m in first quarter a near 20 per cent increase on the $194m it lost in the corresponding quarter last year. That said it is a substantial improvement on the remarkable £3.6bn it lost in Q4 thanks largely to $1.5bn worth of 'cost reduction strategies' (by word for...? Yep, you got it).

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