Emergency Response and Wireless Location Systems     by Manlio Allegra       Home         Topics: Main | M&A | Funding | Earnings | Jobs | People | Bankruptcy | Silicon | Europe | Japan | Most Acquisitive | Archive   Motorola to Cut 4,000 More Jobs, primarily in the Mobile Devices Motorola will further reduce its workforce in 2009 by approximately 4,000 positions, including approximately 3,000 positions associated with its Mobile Devices business and approximately 1,000 positions associated with corporate functions and other business units. These latest job cuts are in addition to the 3,000 positions previously announced during the fourth quarter of 2008. Motorola estimates that its cost reduction efforts will result in additional annual cost savings of approximately $700 million in 2009. The savings from these actions, together with the $800 million of savings from other actions announced during the fourth quarter of 2008 are expected to result in aggregate cost savings of $1.5 billion for the company in 2009. Motorola also provided the following preliminary results for Q4 2008. During Q4, Mobile Devices shipped approximately 19 million units. Sales were adversely impacted by continued weakness in end consumer demand and customer inventory reductions. Motorola's Enterprise Mobility Solutions and Home and Networks Mobility businesses continued to perform very well in a challenging environment. Total Motorola sales for the fourth quarter of 2008 are expected to be in the range of $7.0 billion to $7.2 billion. On a GAAP basis, the Company expects a net loss from continuing operations in the range of $0.07 to $0.08 per share, including estimated net charges of approximately $0.06 per share relating to items typically highlighted in the Company's earnings press releases. These items include reorganization of business charges, impairments of Motorola's investment in Clearwire and in investments in the company's Motorola Ventures portfolio, a previously disclosed impairment in the company's Sigma Fund, offset partially by a gain from the decision to freeze the U.S. pension plan, and income from the collection of a legal settlement and the extinguishment of a liability. Motorola ended the year with a total cash position of approximately $7.4 billion. http://www.motorola.com 14-Jan-09 Recent Financial News Cisco to Acquire Arch Rock for Wireless Energy Sensors 9/2/2010 Alcatel-Lucent Acquires OpenPlug, Extending its Application Enablement Strategy 9/1/2010 NSN Partners with Telefónica on Smartphone Experience Lab 8/30/2010 Intel Confirms Acquisition of Infineon Wireless 8/30/2010 Cisco to Acquire ExtendMedia for Video Content Management 8/26/2010 Nimbula Raises $15 Million for Cloud OS 8/25/2010 HP Bids $24 per Share for 3PAR, Topping Dell 8/23/2010 Nokia to Acquire Motally for Mobile Analytics Service 8/20/2010 ZTE Reports 1H 2010 Revenue of US$4.5 Billion 8/19/2010 China Mobile Appoints Mr. Li Yue as CEO 8/19/2010 China Mobile Tops 554 Million Customers 8/19/2010 Airband and Sparkplug Announce Merger -- Fixed Wireless Operators 8/19/2010 Marvell Acquires DS2 for Powerline Chips 8/19/2010 Marvell Posts Revenue of $896 Million, Up 5% Sequentially 8/19/2010 Brocade Posts Revenue of $504 Million, up 2% YOY 8/18/2010 > More news...   Search  this site   Search the Web   Get Your Column Published Emergency Response and Wireless Location Systems by Manlio Allegra Interview: NSN's Sue Spradley on LightSquared's Wholesale Mobile Data Paradigm by Sue Spradley Mobile Backhaul Transition Requires New Testing by Joe Zeto Cybersecurity Requires Public/Private Coalition by Greg Oslan A Rethinking of Cloud Services and Network Architecture by Jim Theodoras Delivering Scalable Video Solutions <br><i> Advantages of SVC-Optimized QoS</i> by Andy Singleton