Apr 25, 2008

Motorola mobile sales down in Q1

Schaumburg, Ill. - Motorola, Inc. today reported sales of $7.45 billion in the first quarter of 2008. The net loss from continuing operations in the first quarter of 2008 was $194 million, or $0.09 per share. The net loss from continuing operations includes net charges of $0.04 per share from highlighted items, primarily related to a charge associated with workforce reductions.

The Company had an operating cash outflow of $343 million and ended the quarter with a net cash* position of $3.5 billion.

“During the first quarter, we made an important strategic decision to separate the Company, creating two independent, publicly traded entities," said Greg Brown, president and chief executive officer. “Improving the product portfolio in Mobile Devices and positioning both businesses for future success remains a top priority. Our Home and Networks Mobility and Enterprise Mobility Solutions businesses continue to expand their portfolios of solutions, grow internationally and deliver solid financial results.”