SPOTLIGHT: Motorola net profit down 84%


In its first quarterly earnings report following the departure of Ed Zander and the naming of Greg Brown as CEO, Motorola posted a net profit of $100 million, about 84% lower than the same quarter last year. One bright spot for the struggling giant continues to be its home and networks business, which saw a revenue increase of about 11% during the quarter.

For more:
- read this report in The New York Times

Suggested Articles

Frontier Communications is looking to rebound from a disappointing second quarter last month by offering a new managed cloud IT service.

Tyson, Virginia-based GiGstreem raised $10 million in a Series B funding round that was led by RET Ventures with participation from LNC Partners.

Comcast sent its Senior VP of Next Generation Access Networks Elad Nafshi to the ONF conference today to announce its big step on virtualization of the cable…