Nokia seen gaining from Motorola woes
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Market share of the world&#39;s top mobile  phone maker Nokia Oyj (NOK1V.HE) is rising, industry analysts  said, after its closest rival Motorola Inc  warned  investors of a second-quarter loss and lower sales.
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(InfoWorld) - Two days after it restructured operations, MotorolaÂ on Thursday reported that flagging sales of mobile devices were a factor in its second-quarter loss of $28 million, or $0.01 per share. The telecommunications device maker posted income of $1.38 million, or $0.55 cents a share, one year earlier. Revenue declined by 19 percent to $8.73 billion from $10.82 billion one year earlier. The drop was expected: Motorola issuedÂ preliminary financialsÂ last week, warning that its results would be lower than had been forecast. The company said Thursday that excluding one-time costs, it would have earned $0.02 per share. Analysts surveyed by Thomson Financial, who revised estimates lower after last week's warning, were forecasting break-even results on sales of $8.64 billion. Layoffs and other one-time charges were responsible for losses amounting to $0.04 per share. But the loss for the quarter underscores the company's beleaguered mobile device business, which has been outflanked by rivals including Apple. The pressure will continue. Motorola announced that it expects earnings in the third quarter to be equal to or slightly higher than the second quarter, and that its mobile devices unit will probably not be profitable this year. The company saw a drop in mobile device sales in Asia, a hot market where vendors are trying to get a big share of the market in fast growing economies, as North American and European markets become saturated with mobile phones. Motorola has taken steps to address its problems. The vendor announced Tuesday that it's restructuring into three business divisions: Mobile Devices, Home and Networks Mobility, and Enterprise Mobility Solutions. It also has a new chief of its mobile unit, Stu Reed. Motorola CEO Ed Zander has beenÂ under pressureÂ to resign. He attracted criticism from big-name investor Carl Icahn earlier this year, and recently has been attacked by activist shareholder Eric Jackson for the way he's running the company. Although Motorola has taken steps to cut costs, a core challenge for the company is product design in the competitive handset arena. ItsÂ Razr deviceÂ was praised for its design, but in a fast-paced market quickly became an also-ran, under a barrage of products from rivals that in addition to Apple include Nokia, Samsung Electronics, and LG Electronics. Despite expecting mobile phone sales to be under increasing pressure, Motorola did say that it expected its overall financial results to improve during the second half of the year. Thursday morning, Motorola shares were trading at $18.18, up $0.18 from its opening. Â
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Nokia Corp. , the world's dominant cellphone maker, is positioning itself to compete against the likes of MySpace, iTunes, and Google, and is anchoring a key part of its new business in the Back Bay.
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Motorola&#39;s mobile-phone business continued to lose its signal in the fourth quarter, dragging the company&#39;s revenue and profit down.The Schaumburg, Illinois, company has had trouble coming up with a phone to match the success of its original Razr, which is now several years old and does little for the company&#39;s bottom line. Motorola&#39;s Mobile Devices unit had sales of $4.8 billion in the fourth quarter, down from $7.8 billion a year earlier, and the division lost $388 million compared with profit of $341 million in last year&#39;s fourth quarter.Stronger results with enterprise and home-network products eased Motorola&#39;s pain, but the company still reported a steep fall in profit for the quarter and a loss for the full year 2007. In the fourth quarter, Motorola had net income of $100 million and earnings per share of $0.04, down from $529 million or $0.25 a year earlier. The company lost $49 million or $0.02 per share for the year. Companywide, revenue in the quarter fell to $9.6 billion from $11.8 billion a year earlier.The outlook for the current quarter is no better. Along with Wednesday&#39;s earnings report, Motorola forecast a loss of between $0.05 per share and $0.07 per share, excluding charges associated with its cost-reduction initiatives and other items.&quot;The recovery in Mobile Devices will take longer than expected and there is a lot more work to be done,&quot; CEO Greg Brown said in a prepared statement. The company&#39;s &quot;primary focus&quot; is to improve profits and enhance its mobile products, he added. Motorola is also focused on reducing costs and took several steps to make the Mobile Devices business more efficient, he said.Once locked in a struggle with Nokia for cell-phone sales leadership,&#160;Motorola had fallen to third place&#160;behind Samsung by last year&#39;s third quarter. Last May, when it introduced the Razr&#39;s successor, called the Razr2, the company said it hoped the new device would cut losses. But tough times have continued in the face of Apple&#39;s iPhone and other high-profile competitors, and in late November,&#160;CEO Ed Zander was replaced by Brown.Fourth-quarter sales were up in both the Home and Networks Mobility group, which makes set-top boxes and wireless infrastructure, and in Enterprise Mobility, which benefitted from Motorola&#39;s acquisition of Symbol Technologies early last year. The home business saw sales rise 11 percent to $2.7 billion, though its profit fell to $192 million. Profit in the home business soared to $451 million from $323 million in the fourth quarter of 2006, while sales were up 35 percent to $2.1 billion.In midday trading Wednesday, Motorola&#39;s shares on the New York Stock Exchange were down $2.32 to $10.00 amid a generally weak day on Wall Street.
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Nokia announces some key deals to position itself in the future market for smart phones and music players.
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Market share of the world's top cell  phone maker Nokia Oyj  is rising, industry analysts  said, after its closest rival Motorola Inc  warned  investors of a second-quarter loss and lower sales.
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OULU, Finland  - Nokia  welcomed on  Tuesday Motorola's  decision to return to the Symbian  phone operating software venture by buying half of rival  handset maker Sony Ericsson's   UIQ venture  last week.
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Nokia, the world's biggest cell phone  maker, reported lower third-quarter earnings on Thursday after  cutting prices to claw back market share, but said sales were  strong as it enters the key Christmas season.
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Nokia Corp. reported a 13 percent drop in fourth-quarter earnings Thursday, but said it had recovered some market share, revenue had increased and it predicted more growth in 2005.
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HELSINKI  - Finland's Nokia raised its third-quarter sales and earnings outlook due to strong demand for mobile phones, reversing a recent spate of grim outlooks and sending its shares higher on Thursday.
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Nokia said Thursday its third-quarter revenue and profits would be better than expected, citing an increase in mobile phone sales. The news pushed its shares up nearly 6.5 percent in trading.
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Nokia aims to regain popularity among  U.S. consumers with advanced devices and retail stores, but the  world's No. 1 cellphone maker may need a revamp of its devices  to dent the lead of Motorola Inc., analysts said.
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The world's top handset maker Nokia  will reveal strong fourth-quarter earnings fueled by bumper  Christmas demand, but sales will have been curbed by the rise  of the euro versus the dollar, analysts said.
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Nokia, the world's largest mobile phone maker, said its results for third quarter would be better than earlier forecast due to higher-than-expected handset sales.
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But Nokia still ruled in Q3, says researcher
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Nokia (NOK1V.HE), the world's  top cell phone maker, unveiled two new multimedia phones and a  music service in an effort to find new revenues and win back  popularity lost to rivals like Motorola .
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Technology stocks were given a lift on  Thursday when bellwether Nokia raised its earnings forecast,  but blue chips were lower as oil prices moved higher,  increasing concerns about future corporate profits and consumer  spending.