Motorola sees bigger Q1 loss

February 4, 2009, Wednesday |

Print Edition

MOTOROLA Inc, the second-biggest United States seller of mobile phones, forecast a wider-than-estimated first-quarter loss and suspended its dividend, hurt by a lack of new devices to tempt consumers reeling from the recession.

The stock fell as much as 11 percent after the company said yesterday that this quarter's loss will be at least 10 cents a share, excluding some costs. That trailed the 4-cent average of estimates compiled by Bloomberg News. The prediction follows a US$3.6-billion loss in the previous period.

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Motorola sees bigger Q1 loss

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