Oh No Not Again Moto

[qi:004] CEO change has had no impact on Motorola’s fortunes. Their handset business continues to spiral downward and is turning into a downright disaster. Fourth quarter 2007 mobile phone sales slumped to 40.9 million units vs 65.7 million in 4Q 2006. Mobile division sales were down 38% year over year, with mobile devices business reporting an operating loss of $388 million. And it isn’t over: first quarter 2008 is going to be worse, with forecast for further market share losses. In comparison, other divisions including Symbol seem to be doing well.