Motorola reported first quarter 2002 results that exceeded expectations. While sales decreased 20% year-over-year excluding exited businesses, the company incurred a smaller net loss than the previous year. Several new products were introduced in personal communications. The company expects to return to profitability in the second half of 2002 as markets recover and break-even sales levels are reduced through cost cutting.
This document summarizes Motorola's financial results for Q4 2001 and full year 2001. It reports that Q4 sales from ongoing operations were $7.3 billion, down 25% from the prior year. The net loss was $90 million excluding special items. For the full year, sales from ongoing operations were $29.5 billion, down 19% from 2000, with a net loss of $697 million excluding special items. Several business segments saw declining sales and profits. Motorola expects losses in the first half of 2002 but to return to profitability in the second half as markets recover.
Motorola announced record third-quarter sales of $10.6 billion, up 17% year-over-year. Net earnings were $0.39 per share including $0.10 from discontinued operations. Mobile Devices sales increased 26% to $7.03 billion with operating earnings of $819 million. Networks and Enterprise sales rose slightly to $2.78 billion with operating earnings of $378 million. Connected Home Solutions sales increased 9% to $812 million with operating earnings of $21 million. Motorola expects fourth-quarter sales between $11.8-12.1 billion.
Motorola reported record third quarter sales and earnings. Sales increased 26% to $9.42 billion and earnings per share increased 283% to $0.69. Mobile device shipments reached a record 38.7 million units and global market share increased 5.5 percentage points to 19%. All four of Motorola's business segments grew profitably with the mobile devices segment achieving a record $5.6 billion in sales. Motorola provided an outlook for fourth quarter 2005 sales between $10.3-10.5 billion and earnings per share of $0.32-0.34.
Q3 2007 Earnings Press Release and Financial Tablesfinance7
Motorola reported third quarter sales of $8.8 billion and GAAP earnings of $0.02 per share. While Mobile Devices sales decreased 36% year-over-year, the business showed financial improvements. Enterprise Mobility Solutions sales grew 47% year-over-year and operating earnings increased despite charges. The company expects fourth quarter earnings per share between $0.12-$0.14.
- TIM Participações S.A. is a major Brazilian telecommunications company with over 70 million customers as of November 2013.
- In the meeting with investors, TIM highlighted its strong market position in Brazil as the number 2 mobile operator, leader in prepaid and long distance. It also emphasized opportunities in continuing voice migration to mobile and leading data and internet growth.
- Recent results show TIM growing its postpaid customer base by 16% year-over-year while maintaining good network quality indicators and improving efficiency through lower subscriber acquisition and bad debt costs.
Reliance Communications presented its wireless business strengths, including having the widest coverage across India through 24,000 towns and 600,000 villages, as well as data leadership through its 3G, HSD, and 1x networks. It also focused on having a youth and innovation-centric brand and driving the data ecosystem through partnerships on devices and apps. Key metrics showed RCOM leading in the number of 3G subscribers, total data traffic on its network, and data usage per customer.
WORKFORCE MANAGEMENT HARDWARE AND SOFTWARE: BUSINESS DEVELOPMENT STRATEGIES ...Kim Boggio
Comcast is the largest cable provider in the US with 21.5 million subscribers. The document provides an overview of the major companies in the telecom, wireless, broadband and field service markets including Sprint, AT&T, Verizon, Qwest, BellSouth, Cingular, Alltel and others. It estimates that these companies have over 160,000 mobile employees and the potential market for rugged laptops among their field service workers is estimated to be over $560 million over three years.
- TIM Participações S.A. presented results for the 1st quarter of 2013. Key highlights included solid revenue growth, improving network quality, growing the postpaid customer base, and expanding infrastructure including fiber and 4G networks. Challenges addressed were improving customer service and managing competition. Live TIM fiber services showed strong growth and customer satisfaction despite initial operational difficulties. Financial results were positive with EBITDA growth and disciplined capital expenditures.
This document summarizes Motorola's financial results for Q4 2001 and full year 2001. It reports that Q4 sales from ongoing operations were $7.3 billion, down 25% from the prior year. The net loss was $90 million excluding special items. For the full year, sales from ongoing operations were $29.5 billion, down 19% from 2000, with a net loss of $697 million excluding special items. Several business segments saw declining sales and profits. Motorola expects losses in the first half of 2002 but to return to profitability in the second half as markets recover.
Motorola announced record third-quarter sales of $10.6 billion, up 17% year-over-year. Net earnings were $0.39 per share including $0.10 from discontinued operations. Mobile Devices sales increased 26% to $7.03 billion with operating earnings of $819 million. Networks and Enterprise sales rose slightly to $2.78 billion with operating earnings of $378 million. Connected Home Solutions sales increased 9% to $812 million with operating earnings of $21 million. Motorola expects fourth-quarter sales between $11.8-12.1 billion.
Motorola reported record third quarter sales and earnings. Sales increased 26% to $9.42 billion and earnings per share increased 283% to $0.69. Mobile device shipments reached a record 38.7 million units and global market share increased 5.5 percentage points to 19%. All four of Motorola's business segments grew profitably with the mobile devices segment achieving a record $5.6 billion in sales. Motorola provided an outlook for fourth quarter 2005 sales between $10.3-10.5 billion and earnings per share of $0.32-0.34.
Q3 2007 Earnings Press Release and Financial Tablesfinance7
Motorola reported third quarter sales of $8.8 billion and GAAP earnings of $0.02 per share. While Mobile Devices sales decreased 36% year-over-year, the business showed financial improvements. Enterprise Mobility Solutions sales grew 47% year-over-year and operating earnings increased despite charges. The company expects fourth quarter earnings per share between $0.12-$0.14.
- TIM Participações S.A. is a major Brazilian telecommunications company with over 70 million customers as of November 2013.
- In the meeting with investors, TIM highlighted its strong market position in Brazil as the number 2 mobile operator, leader in prepaid and long distance. It also emphasized opportunities in continuing voice migration to mobile and leading data and internet growth.
- Recent results show TIM growing its postpaid customer base by 16% year-over-year while maintaining good network quality indicators and improving efficiency through lower subscriber acquisition and bad debt costs.
Reliance Communications presented its wireless business strengths, including having the widest coverage across India through 24,000 towns and 600,000 villages, as well as data leadership through its 3G, HSD, and 1x networks. It also focused on having a youth and innovation-centric brand and driving the data ecosystem through partnerships on devices and apps. Key metrics showed RCOM leading in the number of 3G subscribers, total data traffic on its network, and data usage per customer.
WORKFORCE MANAGEMENT HARDWARE AND SOFTWARE: BUSINESS DEVELOPMENT STRATEGIES ...Kim Boggio
Comcast is the largest cable provider in the US with 21.5 million subscribers. The document provides an overview of the major companies in the telecom, wireless, broadband and field service markets including Sprint, AT&T, Verizon, Qwest, BellSouth, Cingular, Alltel and others. It estimates that these companies have over 160,000 mobile employees and the potential market for rugged laptops among their field service workers is estimated to be over $560 million over three years.
- TIM Participações S.A. presented results for the 1st quarter of 2013. Key highlights included solid revenue growth, improving network quality, growing the postpaid customer base, and expanding infrastructure including fiber and 4G networks. Challenges addressed were improving customer service and managing competition. Live TIM fiber services showed strong growth and customer satisfaction despite initial operational difficulties. Financial results were positive with EBITDA growth and disciplined capital expenditures.
This document provides an overview and summary of TIM Brasil's 3Q19 financial results. Some key highlights include:
- Service revenues grew 1.0% YoY in 3Q19, with gradual and continuous growth acceleration.
- EBITDA grew 6.8% YoY in 3Q19, with EBITDA margin expanding to 39.6% in 3Q19 from 37.9% in 3Q18.
- Solid cash generation with R$4.2 billion in service revenues and R$1.7 billion in EBITDA in 3Q19.
The document is a presentation by TIM Brasil that provides an overview of the company's recent results for the first quarter of 2014. Some key points:
- Revenue grew 7.6% year-over-year to R$4.6 billion driven by a 3.8% increase in customer base to 73.9 million and growth in mobile data users.
- EBITDA margin expanded to 28% from 26% in 1Q13 due to revenue growth and cost control efforts.
- Network quality improvements reduced customer complaints, with TIM achieving 53% of its quality plan target for the year.
This is Survey of Vodafone....... During my 1st Year B.com, in 1st Semester, My General Economic Mam Chitra Give one assignment about the company... i Took Vodafone company, and Submit the project.. This is the project of mine
This presentation provides an overview of DecisionPoint Systems, Inc. It discusses DecisionPoint's enterprise mobility solutions, target markets, technology partners, success stories, financials, growth strategy, recent news, and management team. The presentation contains forward-looking statements and important disclaimers. It is the confidential property of DecisionPoint Systems, Inc.
This document discusses opportunities for integrating rich media and mobile phones with digital signage and kiosk solutions. It argues that while digital signage promises to improve communication with consumers, current solutions have limitations. However, introducing new interaction models that capitalize on both kiosks/digital signage and mobile phones could provide benefits. Two practical examples described are using a mobile phone as a "smart remote control" for an interactive digital signage screen even after hours, and extending consumer interactions started with digital signage by sending related content and offers to a consumer's mobile phone.
DecisionPoint Systems, Inc. (DNPI) Corporate PresentationEHodges
This presentation provides an overview of DecisionPoint Systems, Inc. It discusses DecisionPoint's enterprise mobility solutions, target markets, technology partners, success stories, financials, growth strategy, recent news, and management team. The presentation contains forward-looking statements and important disclaimers. It is the confidential property of DecisionPoint Systems, Inc.
This presentation looks at the challenges facing telcos and ISPs in general and African telcos and ISPs in particular as clients use their networks to access services from third party OTT providers.
The presentation then proposes solutions to these operators to enable them to provide value added services (VAS) and generate additional income from their networks.
T-Mobile reported strong Q2 2018 results with record service revenues of $7.9B and record low postpaid phone churn of 0.95%. They added 1.6M total net customers led by 686K postpaid phone additions. T-Mobile continued expanding its network coverage to 323M people and saw the fastest LTE speeds at 31.8Mbps down. They are deploying 600MHz spectrum aggressively and launched the first nationwide NB-IoT network in the US.
DecisionPoint Systems, Inc. (OTCBB:DNPI) Corporate PresentationEHodges
This presentation provides an overview of DecisionPoint Systems, Inc. It discusses DecisionPoint's enterprise mobility solutions, target markets, technology partners, success stories, financials, growth strategy, recent news, and management team. The presentation contains forward-looking statements and important disclaimers. It is the confidential property of DecisionPoint Systems, Inc.
Mobile Applications 2013,Comprehensive Research and Business Intelligence Pa...michalgilly
Mobile Applications 2013,Comprehensive Research and Business Intelligence Package:Industry Analysis Report @ http://www.researchmoz.us/mobile-applications-2013-comprehensive-research-and-business-intelligence-package-report.html
The document is a business and technology innovation report for week 42 of 2014. It provides headlines and brief summaries on topics including consumer electronics, ICT, flat panel displays, semiconductors, software, services, retail/payments, and energy. Key highlights include TV companies ordering more 43-49 inch ultra HD panels, Samsung developing faster Wi-Fi technology, Cisco partnering with Sensity on smart city applications, and the wearable electronics sensor market growing significantly by 2019.
Italian Equity Roadshow 2012 - Tokyo - Alex Bolis presentation (June 2012)Gruppo TIM
Telecom Italia Group held investor meetings in June 2012. The presentation included the following:
1) Telecom Italia Group reported revenues of €29.9 billion for 2011, up 2.7% year-over-year. EBITDA was €12.3 billion, flat compared to 2010.
2) Telecom Italia leads the domestic Italian market with over 32 million mobile lines and 14.5 million fixed accesses. In Brazil, TIM is the second largest mobile operator with 57.6 million lines.
3) Forward-looking statements in the presentation involve risks and uncertainties that could cause actual results to differ from projections. Telecom Italia undertakes no obligation to update such
Investor Meetings - Hong Kong and Singapore - Alex Bolis presentation (June 2...Gruppo TIM
Telecom Italia Group held investor meetings in June 2012 to provide an overview of the company, highlight its leadership positions across key markets including Italy, Brazil, and Argentina, and outline its strategic priorities of proactively managing the domestic market in Italy for cash generation while continuing business expansion in Brazil and managing growth and profitability in Argentina.
This document is a business and technology innovation report from week 38 of 2014. It provides headlines and summaries of news in various industries. Some key points include:
- Sony expects its annual loss to swell to $2 billion and has cancelled dividends for the first time in over 50 years due to struggles in its smartphone business.
- LCD TV shipments are expected to reach 229 million units in 2015, up from 217 million in 2014, driven by emerging markets and demand for larger screen sizes.
- Apple aims to sell upwards of 50 million Apple Watches in 2015, with LG Display supplying around 5 million AMOLED panels per month.
Computer Sciences Corporation (CSC) reported a 20% increase in earnings per share and a 21.7% increase in net income for the first quarter of fiscal year 2000 compared to the same quarter the previous year. Revenue increased 17.6% to $2.06 billion driven by increased demand for outsourcing, enterprise solutions, e-business, and systems integration. CSC also announced over $4.7 billion in new business awards during the quarter and expects e-business revenue to triple to nearly $600 million for the full fiscal year.
The document provides an overview of the Indian telecom industry, including its history, scope, major players, market trends, and future developments. It discusses how the industry has evolved from telegraphic and telephonic systems in the 19th century to modern 3G technology. The major players, including Airtel, BSNL, Vodafone, Reliance, and Idea, are described. Market trends like increasing acceptance of wireless services and the strategies employed by major players are summarized. Future trends around industry convergence and partnerships are also outlined.
Idea Cellular is the 4th largest wireless carrier in India with 100 million customers and a 12% market share, though it faces bargaining power from customers and suppliers due to competition from other carriers offering cheaper services. New entrants like 4G and substitute technologies also pose threats. Direct competitors with similar service offerings and significant market share include Airtel, Tata Docomo, and Uninor.
The 5G era: New horizons for advanced-electronics and industrial companiesDESMOND YUEN
The next generation of wireless connectivity has arrived: 5G has the capacity to support a huge number of connections simultaneously while improving speed, latency, reliability, and power consumption for handsets and Internet of Things (IoT) devices. As with the transition from 3G to 4G, there are many uncertainties. Where is the value coming from, and who is going to capture it? What are the use cases where 5G performance enhancements will generate the most value and demand? And which applications will most benefit from 5G?
best buy 2004 Omnibus Stock and Incentive Planfinance7
This document outlines Best Buy Co., Inc.'s 2004 Omnibus Stock and Incentive Plan. The plan allows Best Buy to grant stock options, stock appreciation rights, restricted stock, and other stock-based awards to employees, officers, directors and consultants. Key provisions include:
1) Up to 16 million shares are authorized for issuance under the plan.
2) The Compensation and Human Resources Committee administers the plan and determines award types, recipients, terms and conditions.
3) Individual award limits in a calendar year include 1 million shares for options/SARs and $5 million for performance awards.
4) The Board of Directors can amend or terminate the plan at
The document provides opening remarks from a Motorola conference call discussing the company's third quarter 2001 earnings.
[1] Motorola reported a net loss of $153 million compared to a profit of $643 million the previous year, with sales decreasing 22% and manufacturing margin declining significantly.
[2] The Personal Communications sector sales increased 8% sequentially, with orders and backlog also up, though down 12% and 16% respectively from the previous year. Unit shipments were flat overall with gains in CDMA and iDEN offset by declines in GSM and TDMA.
[3] The semiconductor business continued to be impacted by the industry downturn, with market declines ongoing in the third quarter and
FedEx Reports Solid Revenue and Earnings Growth Dec 20, 2006finance7
FedEx reported solid financial results for the second quarter of fiscal year 2007 with revenue increasing 10% and earnings per share growing 7%. Operating income rose 6% led by growth at FedEx Ground and Express. FedEx expects continued growth in the second half of the year and tightened its annual earnings guidance.
This document provides an overview and summary of TIM Brasil's 3Q19 financial results. Some key highlights include:
- Service revenues grew 1.0% YoY in 3Q19, with gradual and continuous growth acceleration.
- EBITDA grew 6.8% YoY in 3Q19, with EBITDA margin expanding to 39.6% in 3Q19 from 37.9% in 3Q18.
- Solid cash generation with R$4.2 billion in service revenues and R$1.7 billion in EBITDA in 3Q19.
The document is a presentation by TIM Brasil that provides an overview of the company's recent results for the first quarter of 2014. Some key points:
- Revenue grew 7.6% year-over-year to R$4.6 billion driven by a 3.8% increase in customer base to 73.9 million and growth in mobile data users.
- EBITDA margin expanded to 28% from 26% in 1Q13 due to revenue growth and cost control efforts.
- Network quality improvements reduced customer complaints, with TIM achieving 53% of its quality plan target for the year.
This is Survey of Vodafone....... During my 1st Year B.com, in 1st Semester, My General Economic Mam Chitra Give one assignment about the company... i Took Vodafone company, and Submit the project.. This is the project of mine
This presentation provides an overview of DecisionPoint Systems, Inc. It discusses DecisionPoint's enterprise mobility solutions, target markets, technology partners, success stories, financials, growth strategy, recent news, and management team. The presentation contains forward-looking statements and important disclaimers. It is the confidential property of DecisionPoint Systems, Inc.
This document discusses opportunities for integrating rich media and mobile phones with digital signage and kiosk solutions. It argues that while digital signage promises to improve communication with consumers, current solutions have limitations. However, introducing new interaction models that capitalize on both kiosks/digital signage and mobile phones could provide benefits. Two practical examples described are using a mobile phone as a "smart remote control" for an interactive digital signage screen even after hours, and extending consumer interactions started with digital signage by sending related content and offers to a consumer's mobile phone.
DecisionPoint Systems, Inc. (DNPI) Corporate PresentationEHodges
This presentation provides an overview of DecisionPoint Systems, Inc. It discusses DecisionPoint's enterprise mobility solutions, target markets, technology partners, success stories, financials, growth strategy, recent news, and management team. The presentation contains forward-looking statements and important disclaimers. It is the confidential property of DecisionPoint Systems, Inc.
This presentation looks at the challenges facing telcos and ISPs in general and African telcos and ISPs in particular as clients use their networks to access services from third party OTT providers.
The presentation then proposes solutions to these operators to enable them to provide value added services (VAS) and generate additional income from their networks.
T-Mobile reported strong Q2 2018 results with record service revenues of $7.9B and record low postpaid phone churn of 0.95%. They added 1.6M total net customers led by 686K postpaid phone additions. T-Mobile continued expanding its network coverage to 323M people and saw the fastest LTE speeds at 31.8Mbps down. They are deploying 600MHz spectrum aggressively and launched the first nationwide NB-IoT network in the US.
DecisionPoint Systems, Inc. (OTCBB:DNPI) Corporate PresentationEHodges
This presentation provides an overview of DecisionPoint Systems, Inc. It discusses DecisionPoint's enterprise mobility solutions, target markets, technology partners, success stories, financials, growth strategy, recent news, and management team. The presentation contains forward-looking statements and important disclaimers. It is the confidential property of DecisionPoint Systems, Inc.
Mobile Applications 2013,Comprehensive Research and Business Intelligence Pa...michalgilly
Mobile Applications 2013,Comprehensive Research and Business Intelligence Package:Industry Analysis Report @ http://www.researchmoz.us/mobile-applications-2013-comprehensive-research-and-business-intelligence-package-report.html
The document is a business and technology innovation report for week 42 of 2014. It provides headlines and brief summaries on topics including consumer electronics, ICT, flat panel displays, semiconductors, software, services, retail/payments, and energy. Key highlights include TV companies ordering more 43-49 inch ultra HD panels, Samsung developing faster Wi-Fi technology, Cisco partnering with Sensity on smart city applications, and the wearable electronics sensor market growing significantly by 2019.
Italian Equity Roadshow 2012 - Tokyo - Alex Bolis presentation (June 2012)Gruppo TIM
Telecom Italia Group held investor meetings in June 2012. The presentation included the following:
1) Telecom Italia Group reported revenues of €29.9 billion for 2011, up 2.7% year-over-year. EBITDA was €12.3 billion, flat compared to 2010.
2) Telecom Italia leads the domestic Italian market with over 32 million mobile lines and 14.5 million fixed accesses. In Brazil, TIM is the second largest mobile operator with 57.6 million lines.
3) Forward-looking statements in the presentation involve risks and uncertainties that could cause actual results to differ from projections. Telecom Italia undertakes no obligation to update such
Investor Meetings - Hong Kong and Singapore - Alex Bolis presentation (June 2...Gruppo TIM
Telecom Italia Group held investor meetings in June 2012 to provide an overview of the company, highlight its leadership positions across key markets including Italy, Brazil, and Argentina, and outline its strategic priorities of proactively managing the domestic market in Italy for cash generation while continuing business expansion in Brazil and managing growth and profitability in Argentina.
This document is a business and technology innovation report from week 38 of 2014. It provides headlines and summaries of news in various industries. Some key points include:
- Sony expects its annual loss to swell to $2 billion and has cancelled dividends for the first time in over 50 years due to struggles in its smartphone business.
- LCD TV shipments are expected to reach 229 million units in 2015, up from 217 million in 2014, driven by emerging markets and demand for larger screen sizes.
- Apple aims to sell upwards of 50 million Apple Watches in 2015, with LG Display supplying around 5 million AMOLED panels per month.
Computer Sciences Corporation (CSC) reported a 20% increase in earnings per share and a 21.7% increase in net income for the first quarter of fiscal year 2000 compared to the same quarter the previous year. Revenue increased 17.6% to $2.06 billion driven by increased demand for outsourcing, enterprise solutions, e-business, and systems integration. CSC also announced over $4.7 billion in new business awards during the quarter and expects e-business revenue to triple to nearly $600 million for the full fiscal year.
The document provides an overview of the Indian telecom industry, including its history, scope, major players, market trends, and future developments. It discusses how the industry has evolved from telegraphic and telephonic systems in the 19th century to modern 3G technology. The major players, including Airtel, BSNL, Vodafone, Reliance, and Idea, are described. Market trends like increasing acceptance of wireless services and the strategies employed by major players are summarized. Future trends around industry convergence and partnerships are also outlined.
Idea Cellular is the 4th largest wireless carrier in India with 100 million customers and a 12% market share, though it faces bargaining power from customers and suppliers due to competition from other carriers offering cheaper services. New entrants like 4G and substitute technologies also pose threats. Direct competitors with similar service offerings and significant market share include Airtel, Tata Docomo, and Uninor.
The 5G era: New horizons for advanced-electronics and industrial companiesDESMOND YUEN
The next generation of wireless connectivity has arrived: 5G has the capacity to support a huge number of connections simultaneously while improving speed, latency, reliability, and power consumption for handsets and Internet of Things (IoT) devices. As with the transition from 3G to 4G, there are many uncertainties. Where is the value coming from, and who is going to capture it? What are the use cases where 5G performance enhancements will generate the most value and demand? And which applications will most benefit from 5G?
best buy 2004 Omnibus Stock and Incentive Planfinance7
This document outlines Best Buy Co., Inc.'s 2004 Omnibus Stock and Incentive Plan. The plan allows Best Buy to grant stock options, stock appreciation rights, restricted stock, and other stock-based awards to employees, officers, directors and consultants. Key provisions include:
1) Up to 16 million shares are authorized for issuance under the plan.
2) The Compensation and Human Resources Committee administers the plan and determines award types, recipients, terms and conditions.
3) Individual award limits in a calendar year include 1 million shares for options/SARs and $5 million for performance awards.
4) The Board of Directors can amend or terminate the plan at
The document provides opening remarks from a Motorola conference call discussing the company's third quarter 2001 earnings.
[1] Motorola reported a net loss of $153 million compared to a profit of $643 million the previous year, with sales decreasing 22% and manufacturing margin declining significantly.
[2] The Personal Communications sector sales increased 8% sequentially, with orders and backlog also up, though down 12% and 16% respectively from the previous year. Unit shipments were flat overall with gains in CDMA and iDEN offset by declines in GSM and TDMA.
[3] The semiconductor business continued to be impacted by the industry downturn, with market declines ongoing in the third quarter and
FedEx Reports Solid Revenue and Earnings Growth Dec 20, 2006finance7
FedEx reported solid financial results for the second quarter of fiscal year 2007 with revenue increasing 10% and earnings per share growing 7%. Operating income rose 6% led by growth at FedEx Ground and Express. FedEx expects continued growth in the second half of the year and tightened its annual earnings guidance.
FedEx reported earnings of $0.41 per share for the first quarter, down 29% from the previous year. Revenue increased 5% to $5.04 billion due to growth at FedEx Ground and the acquisition of American Freightways, however operating income decreased 24% to $235 million. FedEx Ground experienced strong volume growth of 8% driven by increased shipments from small businesses. However, weakness in manufacturing and technology reduced volumes at FedEx Express where domestic volume declined 7%. The company implemented cost cutting measures across all operations to maintain profitability during an uncertain economic period.
best buy best buy First Quarter 2009 10k formfinance7
This document is Best Buy Co., Inc.'s quarterly report on Form 10-Q for the quarter ended May 31, 2008. It includes the company's condensed consolidated balance sheets, statements of earnings, statements of cash flows, and notes to the financial statements. The balance sheet shows the company had total assets of $13,231 million and total liabilities and shareholders' equity of the same amount. The statement of earnings shows the company had revenue of $8,990 million and net earnings of $179 million for the quarter. The statement of cash flows shows the company used $61 million in operating activities and $211 million in investing activities, while providing $311 million from financing activities during the quarter.
- Motorola reported record first-quarter sales of $10.01 billion, up 23% from the previous year, and earnings per share of $0.27.
- Key results included record handset shipments of 46.1 million units and global handset market share of 21%.
- The Mobile Devices segment saw sales increase 45% and operating earnings increase 59% due to strong handset sales and market share gains.
- Motorola announced plans to sell its automotive business and streamline operations to improve efficiency and reduce costs.
Q1 2008 Earnings Press Release and Financial Tablesfinance7
Motorola reported first quarter 2008 results with a loss from continuing operations of $0.09 per share. Mobile Devices sales declined 39% year-over-year while Home and Networks Mobility grew 2%. The company also announced plans to separate into two independent publicly traded companies. Outlook for the second quarter forecasts a loss from continuing operations of $0.02 to $0.04 per share.
Motorola announced record second quarter sales and earnings. Key highlights included:
- Record quarterly sales of $10.88 billion, up 29% from the previous year.
- Earnings of $0.55 per share, up 46% and 49% from the previous year.
- Record handset shipments of 51.9 million units and global handset market share of 22%.
- Mobile Devices segment set new records for unit shipments, sales, and profits.
Motorola announced record second quarter sales and earnings, with sales up 17% to $8.83 billion and earnings per share up 52% to $0.38. Mobile device shipments reached a record 33.9 million units, representing 18.1% of the global market. All four of Motorola's business segments grew profitability. For the third quarter, Motorola expects sales between $8.9-9.1 billion and earnings per share of $0.27-0.29.
Motorola reported its financial results for the second quarter of 2003. Key highlights included:
- Sales of $6.2 billion, down 10% from the previous year's quarter.
- GAAP earnings of $0.05 per share, compared to a loss of $1.02 per share in the previous year.
- Earnings excluding special items of $0.01 per share, compared to $0.02 per share in the previous year.
- Third quarter 2003 guidance of flat to down 4% sales, break-even to $0.02 GAAP earnings per share, and $0.02 to $0.04 earnings per share excluding special items.
Motorola reported strong financial results for the second quarter of 2004, with sales increasing 41% compared to the second quarter of 2003. However, Motorola reported a net loss due to a large non-cash tax expense related to the IPO of Freescale Semiconductor. Excluding this tax expense, pre-tax earnings increased significantly. All of Motorola's business segments saw sales increases, with the Personal Communications segment experiencing the largest growth. Motorola provided guidance for the third quarter of 2004 with sales expected to increase 25-30% and earnings per share of $0.15 to $0.19.
Motorola reported its third-quarter 2001 results, which included a reduction in its pro forma operating loss compared to the previous quarter. While sales and earnings were down year-over-year, Motorola's wireless handset business returned to profitability. Motorola also reduced its net debt by $2.4 billion in the quarter. However, Motorola incurred large charges related to investment impairments, cost reductions, and additional reserves for a defaulted loan to Telsim, resulting in a reported net loss of $1.4 billion for the quarter. Motorola planned to continue cost controls and balance sheet strengthening during an uncertain economic period.
Motorola reported financial results for the third quarter of 2003, with sales up 5% year-over-year to $6.8 billion. Net income was $116 million or $0.05 per share on a GAAP basis, and $132 million or $0.06 per share excluding special items. The company provided fourth quarter 2003 guidance forecasting higher sales and earnings compared to the prior year quarter. Motorola's six business segments saw mixed results, with some segments experiencing higher sales and earnings compared to the prior year while others faced challenges from industry trends.
Motorola reported record sales and earnings for the fourth quarter and full year of 2005. Fourth quarter sales were $10.43 billion, up 18% from the previous year. Mobile device shipments reached 44.7 million units and global market share was estimated at 19%. For the full year, sales increased 18% to $36.84 billion. Mobile device shipments increased 40% to 146 million units for the year. The company expects first quarter 2006 sales to be between $9.3-9.5 billion.
Motorola reported its financial results for the first quarter of 2003, with sales of $6 billion, down 2% from the previous year. Net earnings were $169 million or $0.07 per share, compared to a net loss the previous year. Excluding special items, net earnings were $21 million or $0.01 per share, compared to a net loss the previous year. The company provided guidance for the second quarter and full year 2003, expecting continued improvement in earnings per share.
Motorola announced record fourth quarter sales and earnings from continuing operations. Sales increased 27% to $8.84 billion and earnings per share grew 56% to $0.28. Wireless handset shipments reached 31.8 million, a 42% increase over last year, gaining an estimated 3 points of global market share. For the full year, sales increased 35% to $31.3 billion and earnings per share grew 137% to $0.91. The company strengthened its balance sheet and ended the year with a record $5.4 billion net cash position.
Q2 2007 Earnings Release and Financial Tablesfinance7
Motorola reported second quarter sales of $8.7 billion. While sales increased for its Home and Networks Mobility and Enterprise Mobility Solutions segments, overall sales and earnings declined from the prior year due to lower mobile device shipments. Motorola expects financial results to improve in the second half of the year due to cost reductions and new product launches, but does not expect its Mobile Devices business to be profitable for the full year.
Q3 2008 Earnings Press Release and Financial Tablesfinance7
Motorola reported third quarter 2008 financial results. Sales were $7.5 billion. The company had a net loss of $397 million but positive operating cash flow of $180 million. Key highlights included a loss in Mobile Devices but increased earnings in Home and Networks Mobility and Enterprise Mobility Solutions. Motorola expects earnings per share of $0.02 to $0.04 in Q4 2008 and $0.05 to $0.07 for the full year.
Motorola reported financial results for the first quarter of 2004 with sales of $8.6 billion, up 42% from the previous year, and net earnings of $609 million, up 257% over the previous year. The company ended the quarter with a net cash position of $902 million, the first time in over 35 years. Motorola provided guidance for the second quarter of 2004 of sales between $8.2-8.6 billion and earnings per share of $0.14-0.18, excluding potential impacts from the proposed IPO of its semiconductor business.
Présentation des résultats financiers ST Ericsson (Q3 2010)Ericsson France
ST-Ericsson reported financial results for Q3 2010, with net sales of $565 million, up 4% from last quarter. The operating loss was $85 million, lower than the previous quarter's loss of $118 million. New products launched in the quarter helped offset portfolio transition impacts and competition in China. The company expects flat sales in Q4 2010.
Motorola reported financial results for Q4 2003 and full year 2003. Q4 sales were $8 billion, up 4% year-over-year. Q4 net earnings were $489 million or $0.20 per share. For full year 2003, sales were $27.1 billion and net earnings were $893 million or $0.38 per share. All six of Motorola's major segments saw higher orders in Q4 compared to the previous year. Motorola provided guidance for Q1 2004 of $6.4-6.8 billion in sales and $0.05-0.07 earnings per share.
Motorola reported a 26% increase in third quarter 2004 sales to $8.624 billion compared to third quarter 2003. Net earnings were $479 million, up 313% from third quarter 2003. The increase was driven by strong sales growth across all business segments due to new product launches and market share gains. Motorola also strengthened its balance sheet by generating $1.3 billion in operating cash flow and ending the quarter with $4.4 billion in net cash. For the fourth quarter, Motorola expects sales between $9.3-9.6 billion and earnings per share of $0.23-0.26.
Motorola held a conference call to discuss its fourth quarter 2001 earnings. The call included opening remarks from senior leadership. Ed Gams reviewed overall corporate results, noting a year-over-year decline in sales, earnings, and backlog. Mike Zafirovski then discussed the Personal Communications Sector results, highlighting year-over-year and sequential improvements in sales, shipments, margins, and profits due to new products and cost reductions. Zafirovski also provided an outlook expecting the mobile phone market and Motorola's market share to grow in 2002.
SPEEDA INSIGHTS_A Brief Glance at Japan's Mobile Communications Related Indus...Kyna Tsai
A special edition for industries related to Mobile Communications, featuring the three main telecom carriers in Japan and companies in the smartphone-related field.
Q4 2007 Earnings Press Release and Financial Tablesfinance7
Motorola reported fourth-quarter sales of $9.65 billion and a net earnings of $0.04 per share, including charges that reduced earnings by $0.09 per share. For the full year, Motorola reported sales of $36.6 billion and a net loss of $0.02 per share, including charges that reduced earnings by $0.29 per share. Mobile Devices sales declined 38% in the quarter and 33% for the full year, while Home and Networks Mobility and Enterprise Mobility Solutions continued strong performance. Motorola expects a first-quarter loss from continuing operations of $0.05 to $0.07 per share.
Return on total capital for the trailing 12 months ended June 28, 2008 was 20.8%. Net earnings for the 4 fiscal quarters spanning September 29, 2007 to June 28, 2008 totaled $1,104,607. The average total capital over the last 5 quarters, consisting of long-term debt, short-term debt, and equity, was $5,303,913. Return on capital was calculated by taking net earnings for the 12 month period and dividing by the average total capital.
This document is Sysco Corporation's 2000 annual report. It summarizes that fiscal 2000 was Sysco's 30th anniversary as a public company and marked record sales of $19.3 billion, up 11% from the previous fiscal year. Key drivers of growth were increased sales to customers served by Sysco marketing associates and continued growth of Sysco Brand sales. The report discusses Sysco's strategy of pursuing both acquisitions and internal expansion to continue driving future success through offering customers a breadth of products and superior service.
1) SYSCO reported strong sales and earnings growth in fiscal year 2001, with sales topping $20 billion for the first time.
2) Net earnings increased over 30% compared to the previous year, and return on shareholders' equity reached 31%.
3) Growth was driven by acquisitions, internal expansion, and a focus on customer relationships through initiatives like C.A.R.E.S.
SYSCO is a food distribution company that supplies over 415,000 customers like restaurants, hospitals, and schools. In fiscal year 2002, SYSCO reported $23.35 billion in sales, a 7% increase from the previous year. Net earnings increased 14% to $679.78 million compared to fiscal year 2001. SYSCO has over 46,800 employees and operates from 142 locations across North America, helping their customers succeed by providing food and related products and services.
This annual report summarizes Sysco Corporation's financial performance for fiscal year 2003. Key highlights include:
- Sales increased 12% to $26.14 billion and net earnings increased 14% to $778.28 million.
- Diluted earnings per share increased 17% to $1.18.
- Return on average shareholders' equity was 36%.
- The company distributed products from 145 locations across North America to over 420,000 customer locations.
This document provides an annual report for Sysco Corporation for the fiscal year ending July 3, 2004. It includes financial highlights showing sales increased 12% to $29.3 billion and net earnings increased 17% to $907 million. It discusses challenges in the year from high product cost inflation of 6.3% and fuel costs. It outlines Sysco's focus on growing profitable customer businesses and improving customer relationships. It describes Sysco's national supply chain initiative including new regional distribution centers to enhance service and reduce costs. In closing, it expresses confidence in addressing economic uncertainty through its employees, products/services, and financial resources.
The passage discusses the importance of summarization in an age of information overload. It notes that with the massive amounts of data available online, being able to quickly understand the key points of lengthy documents, articles, or reports is crucial. The ability to produce clear, concise summaries helps people filter through large amounts of information and identify what is most important or relevant to them.
- SYSCO achieved record sales of $37.5 billion and record net earnings of $1.1 billion in fiscal year 2008 despite challenging economic conditions.
- The company's focus on supply chain efficiency and helping customers succeed through business reviews allowed it to contain costs while growing market share.
- SYSCO continues to invest in its business, people, facilities, fleet and technology to support long-term growth while exploring alternative energy sources.
This document summarizes reconciling items for 2001 by quarter and fiscal year. It reports reorganization costs of $19.1 million in Q2 2001, $11.7 million in Q3 2001, and $10.6 million in Q4 2001 for workforce reductions and facility consolidations worldwide. Special items include a $19.4 million write-off in Q3 2001 and $3.5 million impairment charge in Q4 2001. The total net reconciling items after tax was $42.1 million for fiscal year 2001.
This document shows the reconciliation between GAAP and non-GAAP operating income for different regions and worldwide for 2001. For each quarter and the full year, it provides the operating income under GAAP and non-GAAP measurements, as well as the reconciling items between the two. On a non-GAAP basis, operating income margins ranged from -1.25% to 1.23% by region for the full year.
This document provides a reconciliation of GAAP to non-GAAP financial metrics for 2001. For each quarter and full year, it shows gross sales, gross profit, operating expenses, operating income, net income, and diluted EPS under GAAP and non-GAAP after adjusting for reconciling items. The reconciling items reduced operating expenses and increased operating income, net income, and diluted EPS for the non-GAAP results compared to GAAP.
This document summarizes reconciling items for 2002 by quarter and fiscal year total. It includes reorganization costs, other major program costs, gains/losses on securities sales, and tax effects. Total net reorganization and other major program costs for the fiscal year were $116.6 million. A $280.9 million cumulative effect of a new accounting standard adoption was also recorded. The total net impact of reconciling items for the fiscal year was $350.2 million.
The document shows the reconciliation between GAAP and non-GAAP operating income for North America, Europe, Asia-Pacific, Latin America, and worldwide total for Q1 2002 through FY 2002. It provides the operating income under GAAP and non-GAAP measurements, as well as the reconciling items and non-GAAP operating income as a percentage of revenue for each region and time period.
This document provides a reconciliation of net income and earnings per share (EPS) between Generally Accepted Accounting Principles (GAAP) and non-GAAP measures for 4 quarters (Q1 2002 - Q4 2002) and the full fiscal year 2002 for an unnamed company. It shows that reconciling items reduced operating expenses and increased operating income, net income, and EPS under the non-GAAP measures compared to the GAAP measures.
This document summarizes reconciling items for 2003, including reorganization costs and other major program costs by quarter. Total reorganization costs for the year were $21.6 million. Other costs included in selling, general and administrative expenses were $23.3 million and costs of sales were $0.5 million. Pre-tax items totaled $45.4 million for the year. A favorable tax resolution of $70.5 million occurred in Q3 03. The total net effect was a $39.6 million benefit.
This document shows the operating income for different regions and worldwide both according to GAAP (Generally Accepted Accounting Principles) standards and on a non-GAAP basis for Q1 2003, Q2 2003, Q3 2003, Q4 2003 and FY 2003. It provides the figures in US dollars and also shows the operating income as a percentage of revenue. The non-GAAP operating income is higher due to reconciling items which are additional costs excluded from the non-GAAP calculation.
This document presents a bridge between GAAP and non-GAAP financial results for a company for 2003. It shows GAAP and non-GAAP results for net income, earnings per share, gross profit, operating expenses, operating income, and sales on a quarterly and full year basis. Reconciling items between GAAP and non-GAAP results include adjustments to operating expenses that increased non-GAAP operating income and net income compared to GAAP.
This document summarizes reconciling items for 2004 by quarter and fiscal year. It includes reorganization costs, other major program costs, foreign exchange gains and losses, and tax effects. Reorganization costs were credits in Q3 and Q4 2004 due to lower than expected facility consolidation costs. Foreign exchange gains stemmed from a currency contract for an acquisition. A favorable tax resolution in Q3 and Q4 2004 reversed previously accrued federal and state income taxes. The total net tax effect for the fiscal year was a credit of $58.8 million.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
The Universal Account Number (UAN) by EPFO centralizes multiple PF accounts, simplifying management for Indian employees. It streamlines PF transfers, withdrawals, and KYC updates, providing transparency and reducing employer dependency. Despite challenges like digital literacy and internet access, UAN is vital for financial empowerment and efficient provident fund management in today's digital age.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
South Dakota State University degree offer diploma Transcriptynfqplhm
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Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
1. Ed Gams
Sr. VP & Director
Investor Relations
(847) 576-6873
or
Bob Hubberts
Manager
Investor Relations
(847) 576-4995
FOR IMMEDIATE RELEASE
April 16, 2002
MOTOROLA REPORTS FIRST-QUARTER RESULTS
?? Results exceed consensus expectations and earlier guidance
?? Positive operating cash flow of approximately $150 million
SCHAUMBURG, Ill. - Motorola, Inc. (NYSE:MOT) today reported sales
of $6.0 billion in the first quarter of 2002. For ongoing
operations, which exclude exited businesses, this is a decrease
of 20 percent from $7.5 billion a year earlier. Excluding special
items, the company incurred a net loss of $174 million, or (8)
cents per share, compared with a net loss of $211 million, or
(10) cents per share, in the year-ago quarter.
Edward Breen, president and chief operating officer, said,
“We are making solid progress in repositioning Motorola to return
to profitability in the second half of this year as our end
markets recover. We have demonstrated the ability to lower our
break-even sales level, which is now reduced by more than 20
percent from its peak in 2000. Our focus on balance sheet
management continues to yield solid results. During the past
quarter, we generated operating cash flow of approximately $150
million on top of the $2.0 billion generated for the full year
2001.”
1
2. In the first quarter of 2002, Motorola reported special
items resulting in a net charge of $388 million pre-tax, or $275
million after-tax. In the first quarter of 2001, Motorola
reported special items resulting in a net charge of $279 million
pre-tax, or $327 million after-tax. (Details of the special items
are presented in a table preceding the footnotes at the end of
this press release.)
Presented on an as reported basis in accordance with U.S.
generally accepted accounting principles (GAAP), the company
reported first-quarter 2002 sales of $6.0 billion, compared with
sales of $7.7 billion a year earlier. The GAAP net loss was $449
million, or (20) cents per share, compared with a net loss of
$533 million, or (24) cents per share, for the first quarter of
2001.
Breen reviewed the following results of major operations for
the first quarter of 2002 compared with the first quarter of
2001. This review is based on ongoing operations, excluding
special items.
Personal Communications Segment
Segment sales were $2.3 billion, up 1 percent from the
comparable year-ago quarter. Orders were $2.5 billion, down 11
percent from a year ago. Excluding special items, the segment
recorded operating earnings of $108 million versus an operating
loss of $382 million a year ago.
This was the segment’s third consecutive quarter of positive
operating earnings. Improvements in operating earnings, versus
last year, were driven by improved gross margins, lower research
and development expenses and lower selling, general and
administrative expenses.
During the quarter, Motorola introduced a host of new products
from its 2002 portfolio, including six new, distinctively designed
handsets, three existing handset models with additional enhanced
technology and eight companion accessories that provide additional
2
3. entertainment and functionality. Among the new handsets are the A820
and the i95cl iDEN handsets. Motorola’s A820 meets a full array of
enterprise communication and entertainment needs in one handheld,
compact device with a color display and is expected to be the first
commercially available handset for third generation (3G) systems. The
i95cl boasts a large color display that utilizes the advantages of
Java™ technology by enabling enhanced current mobile applications
including entertainment and graphics, and future applications
including mapping and streaming video.
The new 2002 portfolio includes fashionable form factors
such as the quot;swivel-flipquot; V70 handset; color displays on the
T720, A820, i95cl and the entire set of offerings for Korea; and
Enhanced Messaging Service (EMS) capabilities featured on models
including the A388, T720, and C330, which are winning marketplace
recognition. Additionally, at the entry level, the C330 provides
the youth/mass-market segment a cost-effective and feature-rich
wireless communication handset with EMS, polyphonic audio, and
digital and physical personalization options for both carriers
and consumers.
On April 15, Motorola said it plans to collaborate with
Siemens Information and Communication Mobile to develop new
handsets for Universal Mobile Telecommunications Systems (UMTS)
based on Motorola’s i.300 Innovative Convergence™ platform (for
more information see Semiconductor Products Segment report
below). Motorola also said it would, starting in the fourth
quarter, supply Siemens with Motorola’s new A820 handset which
Siemens will, in turn, market under its own name. It's the first
time Motorola will manufacture handsets that will be sold to a
competing wireless handset producer. Motorola’s A820 handset is
based on the i.300 Innovative Convergence platform.
Motorola also continued to strengthen its leadership
position in 2.5 generation (2.5G) General Packet Radio Service
(GPRS) and Java 2 Platform, Micro Edition (J2ME™), which enable
consumers to continually upgrade the applications on a device.
3
4. Motorola today has a broad product portfolio, including more than
a dozen wireless phones with J2ME technology, a robust Java
download solution, more than 100 branded applications and a full-
service program to assist software developers in creating and
certifying new wireless applications.
To help drive the availability of applications and services,
Motorola launched its Mobile Services Café, which includes a rich
menu of mobile services, applications and middleware. This
enables network operators to more quickly offer customers a wide
selection of content and services that can be customized to help
transform any Internet-enabled mobile device into an quot;extensionquot;
of the user’s personality and preferences.
Global Telecom Solutions Segment
Segment sales were $1.1 billion, down 36 percent compared to
a year ago. Orders declined 17 percent to $1.3 billion.
Excluding special items, the segment reported an operating loss
of $49 million, compared with operating earnings of $42 million a
year ago. The loss was due to lower sales.
During the quarter, Japan’s KDDI successfully launched its
third generation (3G) Code Division Multiple Access (CDMA) 2000
1X network services nationwide using Motorola equipment. Motorola
also announced two other major contracts in Asia, a $253 million
Global System for Mobile (GSM) communications system with TA
Orange in Thailand and a $170 million dual-band GSM network
contract with Telkomsel in Indonesia. In January, China Unicom
launched its nationwide CDMA network services for which Motorola
was the largest infrastructure provider.
Motorola completed its first UMTS voice call that is in
compliance with Third Generation Partnership Project Standard
Release 99 version. The achievement is a major step towards
successful deployment of future UMTS networks.
4
5. Commercial, Government and Industrial Solutions Segment
Segment sales were $799 million, down 10 percent compared to
a year ago. Orders decreased 12 percent to $874 million.
Operating earnings, excluding special items, increased to $53
million from $43 million a year ago. Improvements in operating
earnings, versus last year, were driven by lower research and
development expenses and lower selling, general and
administrative expenses.
During the quarter, Motorola received an order from ARINC
Incorporated for 25,000 handheld data terminals that will be used
by the air transport industry for cargo tracking and positive bag
matching as well as asset and security management at airports.
Motorola also received an order from Montgomery County, Penn., to
upgrade its public safety voice and data systems and was awarded
a contract to supply an 800 MHz iDEN system to Unicom Guomai, the
leading public access mobile radio service provider in China.
Other equipment orders were received in China, Egypt, El
Salvador, Haiti, Indonesia, Japan, Saudi Arabia, the United
States and Venezuela.
Motorola successfully implemented South Africa’s first
digital public safety radio system, a TETRA-compliant system in
the City of Cape Town. Motorola also announced it will design,
manufacture and market infrastructure and portable and mobile
two-way radio products for use in the 220 MHz band by enterprises
and private carriers in the U.S.
Motorola’s Printrak subsidiary will provide a Regional
Automated Fingerprint Identification Access System for use
throughout Canada. The subsidiary will also provide a Canada-wide
security network for airports and border patrol sites based on
Motorola’s LiveScan Station 3000N™ product, an integrated booking
solution with mugshot, palm and fingerprint capabilities in a
single, stand-alone unit.
5
6. Broadband Communications Segment
Segment sales were $525 million, down 36 percent compared to
a year ago. Orders decreased 41 percent to $537 million as a
result of the continuing slow down by cable operators in making
capital investments and deploying subscriber equipment. Operating
earnings, excluding special items, decreased to $59 million
compared with $118 million a year ago due to the decline in sales
partially offset by aggressive product cost reductions, supply
chain savings and overhead cost control actions in 2001.
In the first quarter, Motorola completed its acquisition of
Synchronous, Inc., a leading provider of fiber optic transmission
systems for video, data and voice transmission. The acquisition
expands Motorola’s existing optical product suite with best-in-
class optical networking capabilities, including Synchronous’
1550nm technology.
Time Warner Cable approved Motorola’s Omnistar GX2 optical
broadband transmission platform, the first to meet Time Warner
Cable’s stringent standards for next-generation, 1310nm high-
density optical transmitters. In Germany, eKabel awarded Motorola
the network upgrade for its existing broadband network.
Motorola was selected by Digeo, Inc. to collaboratively
design and manufacture a new class of advanced set-top devices
called broadband media centers (BMC). Charter Communications is
expected to be the first cable operator to deploy the BMC this
fall.
Motorola also announced a new SURFboard® cable modem retail
distribution agreement with Micro Center, a national computer
retailer operating in 17 major U.S. markets. Through February,
industry market data indicates that Motorola has outsold all
other modem suppliers combined in retail outlets.
Motorola and Nortel announced an agreement to create and
deliver an integrated voice over IP (VoIP) solution for the
broadband cable market. This non-exclusive agreement is intended
to simplify the deployment of VoIP equipment by broadband network
operators worldwide.
6
7. Shortly after the quarter ended, Motorola announced that Cox
Communications of Las Vegas, one of the fastest-growing regional
cable systems, had surpassed industry norms by supporting more
than 14,500 cable modem customers on a single Motorola Broadband
Services Router (BSR 64000).
Semiconductor Products Segment
Segment sales were $1.1 billion, down 26 percent compared to
the year-ago quarter. Orders were up 18 percent to $1.3 billion.
Excluding special items, the segment had an operating loss of
$226 million versus an operating loss of $95 million a year ago.
The larger loss compared to the year-ago quarter was due to the
decline in sales. The losses reported during both quarters were
the result of the worldwide semiconductor industry’s sharpest
decline in history.
On April 12, Motorola announced plans to join two other
leading semiconductor manufacturers, Philips and
STMicroelectronics, to create a five-year, jointly funded
alliance aimed at developing breakthrough, future-generation
technologies and chipset solutions more quickly and cost-
effectively. Sharing the development costs of advanced
technologies is a significant next step in the implementation of
the segment’s new business model. The alliance is expected to
reduce Motorola’s expenses and capital investments associated
with maintaining a leadership position in next generation process
technology. Initial savings from the venture are anticipated in
late 2003 and are eventually expected to reduce by two-thirds the
cost of maintaining this aspect of the segment’s process
technology roadmap.
On April 15, Motorola said it plans to supply Siemens
Information and Communication Mobile with its new i.300
Innovative Convergence platform chips for building third
generation 3G handsets in early 2004. Motorola’s i.300 is a
7
8. comprehensive, integrated solution that provides mobile handset
users faster Internet access on 3G UMTS wireless systems.
During the first quarter, Motorola announced that Eastern
Communications Co. Ltd. (Eastcom) had selected the i.250
Innovative Convergence 2.5G wireless platform to develop state-
of-the-art cellular phones for GSM/GPRS. Eastcom, a large
manufacturer of cellular handsets in China, now joins Benq
Corporation (formerly Acer Communication and Multimedia, Inc.)
and Siemens as the third merchant market customer to select
Motorola’s silicon-to-software platform to build either 2.5G or
3G wireless handsets.
Siemens VDO Automotive, one of the world's largest suppliers
of automotive electronic systems, chose Motorola's MPC500 family
of 32-bit micro-controllers for its integrated power-train
management systems to increase fuel economy and reduce emissions.
An agreement was also announced with Fonix® Corporation to
integrate that company's software development kit for embedded
speech recognition technology with Motorola's mobileGT™
development platform for automotive telematics systems. This
will enable auto manufacturers to use speech recognition to
provide drivers with hands-free management of radios, security
systems and climate controls.
Integrated Electronic Systems Segment
Segment sales were $509 million, down 20 percent compared to
a year ago. Orders increased 11 percent to $570 million.
Excluding special items, the segment reported operating earnings
of $24 million versus $22 million a year ago.
During the quarter, Automotive Communications and Electronic
Systems Group sales were up and orders increased very
significantly.
Motorola Computer Group sales and orders were down very
significantly due to the continuing slump in the
telecommunications industry.
8
9. Energy Systems Group sales were lower, however, orders
increased compared to the year-ago quarter. The group reported
another record quarter of shipments of notebook computer battery
packs to manufacturers of personal computers.
Review and Outlook
Christopher B. Galvin, Motorola's chairman and CEO, said
quot;These are challenging and turbulent markets worldwide and
economic and political volatility makes predictions uncertain.
Still, we continue to believe Motorola will return to
profitability during the second half of 2002 and be profitable
for the full year, excluding special items and barring any
unforeseen political or economic disruptions. We also believe the
U.S. and global economies should firm in the second half of 2002
and further improve in 2003 given stable world affairs.
“Motorola will continue to achieve its improving financial
performance by adhering to my five-point plan to enhance
shareholder value: continual strengthening of our management
team; an aggressive focus on the balance sheet; lowering the
break-even sales level by reducing selling, general and
administrative expenses and manufacturing costs; growth through
innovative products, software applications and customer
relationships; and constant evaluation of strategic options and
business portfolio.
”Over the last 18 months I have named new leaders in
approximately 70 percent of Motorola’s 100 most leveraged
management positions corporate-wide. This refreshed leadership
team shares a commitment to our shareholders to operate with
extraordinary financial discipline. We intend to excel in every
aspect of our business, to exceed the expectations of our
customers, to drive profits and cash, to return Motorola to it’s
historic double-digit growth in the major business segments we
serve and to enhance value for our shareholders.”
9
10. Consolidated Results for Ongoing Operations, Excluding Results of
Businesses Sold and Special Items
Excluding the results of the two businesses sold during 2001
and special items, a comparison of results from ongoing
operations is as follows:
(Dollars in millions, except per-share amounts)
First Quarter
2002 2001
Sales $6,023 $7,486
Net Loss $(174) $(211)
Net Loss Per Share $(.08) $(.10)
Net Margin on Sales -2.9% -2.8%
Consolidated GAAP Results
On an as reported GAAP basis, a comparison of results from
operations is as follows:
(Dollars in millions, except per-share amounts)
First Quarter
2002 2001
Sales $6,023 $7,683
Net Loss $(449) $(533)
Net Loss Per Share $(.20) $(.24)
Net Margin on Sales -7.5% -6.9%
Special Items Description:
For the first quarters of 2002 and 2001, respectively,
Motorola reported special items as follows:
(Dollars in millions, bracketed amounts represent income)
First Quarter
2002 2001
Employee Severance $53 $220
Exit Costs (1) 33
10
11. Fixed Asset Impairments 155 108
Investment Impairments 188 29
Goodwill/Intangible Asset
Impairments -- 72
Amortization of Intangibles/
Goodwill 14 43
In-Process Research and
Development Charges 11 --
Product Portfolio
Simplification Write-Offs -- 404
Other (21) (16)
Gains on Sales of
Investments and Businesses (11) (614)
Pre-tax Special Items 388 279
Income Tax Provision (113) 48
After-tax Special Items $275 $327
Notes:
The use of the word “significant” in this press release indicates
a change of greater than 25 percent. The use of the words “very
significant” indicates a change of greater than 50 percent.
Business Risks:
Statements in this press release that are not historical facts are
forward-looking statements based on current expectations that involve
risks and uncertainties. Such forward-looking statements include, but
are not limited to, statements about: the company’s return to
profitability; the impact of strategic alliances including the new
semiconductor alliance; the impact of design wins on sales and
earnings; the commercial availability and performance of new products
and applications; as well as, the statements in quot;Review and Outlookquot;.
Motorola wishes to caution the reader that the factors below and those
on pages F-35 through F-40 of the appendix to Motorola's Proxy
Statement for the 2002 annual meeting of stockholders and in its other
SEC filings could cause Motorola's actual results to differ materially
from those stated in the forward-looking statements. These factors
include: (i) the company's ability to effectively carry out the planned
cost-reduction actions; (ii) the potential for unanticipated results
from cost-reduction activities on productivity; (iii) the rate of the
recovery in the overall economy and the uncertainty of current economic
conditions; (iv) the impact of ongoing tax relief, interest rate
reduction and liquidity infusion efforts to stimulate the economy; (v)
lack of predictability of future operating results; (vi) the decline in
11
12. the telecommunications, semiconductor and broadband industries; (vii)
the company's continuing ability to access the capital markets on
favorable terms; (viii) demand for the company's products, including
products related to new technologies; (ix) the company's ability to
continue to increase profitability and market share in its wireless
handset business; (x) the company's success in the emerging 3G market;
(xi) the demand for vendor financing and the company's ability to
provide that financing in order to remain competitive; (xii) unexpected
liabilities or expenses, including unfavorable outcomes to any
currently pending or future litigation, including any relating to the
Iridium project; (xiii) the levels at which design wins become actual
orders and sales; (xiv) the success of alliances and agreements with
other companies to develop new products, technologies and services;
(xv) difficulties in integrating the operations of newly acquired
businesses and achieving strategic objectives, cost savings and other
benefits; (xvi) volatility in the market value of securities held by
Motorola; (xvii) the impact of foreign currency fluctuations; and
(xviii) the impact of changes in governmental policies, laws or
regulations.
About Motorola:
MOTOROLA and the Stylized M Logo are registered in the U.S.
Patent & Trademark Office. All other product or service names are
the property of their respective owners. Motorola, Inc. 2002
Java and all other Java-based marks are trademarks or registered
trademarks of Sun Microsystems, Inc. in the U.S. and other
countries.
Motorola, Inc. (NYSE:MOT) is a global leader in providing
integrated communications and embedded electronic solutions.
Sales in 2001 were $30 billion.
###
12
13. Motorola, Inc. and Subsidiaries
Consolidated Statements of Operations
(In millions, except per share amounts)
For the Quarter Ended March 30, 2002
Ongoing
Exited Operations
Special Items Excluding Businesses Excluding
GAAP Results Inc/(Exp) Special Items Inc/(Exp) Special Items
Net sales $ 6,023 $ -$ 6,023 $ -$ 6,023
Costs of sales 4,249 (8) 4,241 - 4,241
Gross margin 1,774 (8) 1,782 - 1,782
Selling, general and administrative expenses 1,035 (2) 1,033 - 1,033
Research and development expenses 892 - 892 - 892
Reorganization of businesses 198 (198) - - -
Other charges 3 (3) - - -
Operating loss (354) (211) (143) - (143)
Other income/(expense)
Interest expense, net (116) - (116) - (116)
Gains on sales of investments and businesses 11 11 - - -
Other (192) (188) (4) - (4)
Total other income/(expense) (297) (177) (120) - (120)
Loss before income taxes (651) (388) (263) - (263)
Income tax provision (202) 113 (89) - (89)
Net loss $ (449) $ (275) $ (174) $ -$ (174)
Net loss per common share
Basic $ (0.20) $ (0.08)
Diluted $ (0.20) $ (0.08)
Weighted average common shares outstanding
Basic 2,253.5 2,253.5
Diluted 2,253.5 2,253.5
Dividends paid per share $ 0.04 $ 0.04
Net margin on sales -7.5% -2.9%
Return on average invested capital -19.0%
For the Quarter Ended March 31, 2001
Ongoing
Exited Operations
Special Items Excluding Businesses Excluding
GAAP Results Inc/(Exp) Special Items Inc/(Exp) Special Items
Net sales $ 7,683 $ -$ 7,683 $ 197 $ 7,486
Costs of sales 6,117 (524) 5,593 (135) 5,458
Gross margin 1,566 (524) 2,090 62 2,028
Selling, general and administrative expenses 1,187 (27) 1,160 (42) 1,118
Research and development expenses 1,172 - 1,172 (11) 1,161
Reorganization of businesses 241 (241) - - -
Other charges 72 (72) - - -
Operating earnings (loss) (1,106) (864) (242) 9 (251)
Other income/(expense)
Interest expense, net (61) - (61) (2) (59)
Gains on sales of investments and businesses 614 614 - - -
Other (38) (29) (9) - (9)
Total other income/(expense) 515 585 (70) (2) (68)
Earnings (loss) before income taxes (591) (279) (312) 7 (319)
Income tax provision (58) (48) (106) (2) (108)
Net earnings (loss) $ (533) $ (327) $ (206) $ 5$ (211)
13
14. Motorola, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In millions)
ASSETS March 30, December 31,
2002 2001
Cash and cash equivalents $ 5,879 $ 6,082
Short-term investments 121 80
Accounts receivable, net 4,115 4,583
Inventories, net 2,530 2,756
Other current assets 3,623 3,648
Total current assets 16,268 17,149
Property, plant and equipment, net 8,288 8,913
Investments 2,032 2,995
Other assets 5,164 4,341
Total assets $ 31,752 $ 33,398
LIABILITIES AND STOCKHOLDERS' EQUITY
Notes payable and current portion of
long-term debt $ 1,576 $ 870
Accounts payable 2,197 2,434
Accrued liabilities 5,815 6,394
Total current liabilities 9,588 9,698
Long-term debt 7,460 8,372
Other liabilities 1,198 1,152
Company-obligated mandatorily redeemable
preferred securities of subsidiary
trust holding solely company-
guaranteed debentures 485 485
Stockholders' equity 13,021 13,691
Total liabilities and stockholders' equity $ 31,752 $ 33,398
14
15. Motorola, Inc. and Subsidiaries
Segment Information
(In millions)
Summarized below are the Company's sales as defined by reportable segment for the three months
ended March 30, 2002 and March 31, 2001.
For the Quarter Ended March 30, 2002
Segment Net Sales
Exited
Businesses Ongoing % Change
GAAP Results Inc/(Exp) Operations from 2001
Personal Communications Segment $ 2,301 $ - $ 2,301 1%
Global Telecom Solutions Segment 1,069 - 1,069 -36%
Commercial, Govt, and Industrial
Solutions Segment 799 - 799 -10%
Broadband Communications Segment 525 - 525 -36%
Semiconductor Products Segment 1,093 - 1,093 -26%
Integrated Electronic Systems Segment 509 - 509 -20%
Other Products Segment 107 - 107 -47%
Adjustments & Eliminations (380) - (380) 22%
Segment Totals $ 6,023 $ - $ 6,023 -20%
For the Quarter Ended March 31, 2001
Segment Net Sales
Exited
Businesses Ongoing
GAAP Results Inc/(Exp) Operations
Personal Communications Segment $ 2,275 $ - $ 2,275
Global Telecom Solutions Segment 1,669 - 1,669
Commercial, Govt, and Industrial
Solutions Segment 1,043 154 889
Broadband Communications Segment 818 - 818
Semiconductor Products Segment 1,483 - 1,483
Integrated Electronic Systems Segment 637 - 637
Other Products Segment 245 43 202
Adjustments & Eliminations (487) - (487)
Segment Totals $ 7,683 $ 197 $ 7,486
15
16. Motorola, Inc. and Subsidiaries
Segment Information
(In millions)
Summarized below are the Company's operating earnings (loss) as defined by reportable segment for the three months ended
March 30, 2002 and March 31, 2001.
For the Quarter Ended March 30, 2002
Segment Operating Earnings (Loss)
Ongoing
Exited Operations
Special Items Excluding Businesses Excluding
GAAP Results Inc/(Exp) Special Items Inc/(Exp) Special Items % Sales
Personal Communications Segment $ (34) $ (142) $ 108 $ - $ 108 5%
Global Telecom Solutions Segment (50) (1) (49) - (49) -5%
Commercial, Govt, and Industrial
Solutions Segment 41 (12) 53 - 53 7%
Broadband Communications Segment 58 (1) 59 - 59 11%
Semiconductor Products Segment (238) (12) (226) - (226) -21%
Integrated Electronic Systems Segment 9 (15) 24 - 24 5%
Other Products Segment (91) (19) (72) - (72) -67%
Adjustments & Eliminations - - - - - 0%
Segment Totals (305) (202) (103) - (103) -2%
General Corporate (49) (9) (40) - (40)
Operating Earnings (Loss) $ (354) $ (211) $ (143) $ - $ (143) -2%
For the Quarter Ended March 31, 2001
Segment Operating Earnings (Loss)
Ongoing
Exited Operations
Special Items Excluding Businesses Excluding
GAAP Results Inc/(Exp) Special Items Inc/(Exp) Special Items % Sales
Personal Communications Segment $ (880) $ (498) $ (382) $ - $ (382) -17%
Global Telecom Solutions Segment 27 (15) 42 - 42 3%
Commercial, Govt, and Industrial
Solutions Segment (6) (63) 57 14 43 5%
Broadband Communications Segment 101 (17) 118 - 118 14%
Semiconductor Products Segment (251) (156) (95) - (95) -6%
Integrated Electronic Systems Segment 7 (15) 22 - 22 3%
Other Products Segment (97) (77) (20) (5) (15) -7%
Adjustments & Eliminations 30 - 30 - 30 -6%
Segment Totals (1,069) (841) (228) 9 (237) -3%
General Corporate (37) (23) (14) - (14)
Operating Earnings (Loss) $ (1,106) $ (864) $ (242) $ 9$ (251) -3%
16