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Apr. 25, 2008

Yesterday, Motorola reported even more red ink, posting a loss of $194 million, or 9 cents per share compared with a loss of $181 million, or 8 cents a share for the same period in 2007.

Motorola said net sales also fell from $9.43 billion to $7.45 billion, year-over-year.

The struggling handset manufacturer, which has been losing market share steadily over the last year, said it sold about 27.4 million handsets during the first quarter, down from 45.4 million for the same period last year.

Sales for the Mobile Devices unit were $3.3 billion, down 39 percent compared to the year-ago quarter.

The unit’s operating loss was $418 million, compared to $233 million in the year-ago quarter.

Greg Brown, Motorola president and CEO said “during the first quarter, we made an important strategic decision to separate the company, creating two independent, publicly traded entities.”

Brown added “improving our products portfolio in Mobile Devices and positioning both businesses for future success remains a top priority at Motorola.”

The handset maker said its global market share slipped to a dismal 9.5 percent, from 17.5 percent in 2007.

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Source: NextWave.