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Telecommunications Motorola to slash 3000 jobs from cellphone division
Telecommunications Motorola to slash 3000 jobs from cellphone division | Motorola to slash 3000 jobs from cellphone division |
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| by Stuart Corner | |
| Thursday, 15 January 2009 | |
  
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In an attempt to mitigate the bad news, co CEO Sanjay Ja, said: "we are making good progress in developing important new smartphones for 2009 and are pleased with the positive response from our customers to these new devices." The company has also released preliminary results for Q4 of 2008 and says it shipped around 19 million mobile devices in the quarter. This is significantly fewer than the 23.5m in Q3 and the 28m in Q2. In the corresponding quarter of 2007 it sold almost 41m handsets. The company said that :"Sales were adversely impacted by continued weakness in end consumer demand and customer inventory reduction." It added that "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 $US7.0b to $7.2b and the company had cash reserves of $US7.4b at year end. The company is forecasting a loss of around seven to eight cents per share. |
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