Motorola (MOT) Blows It Again

Motorola (MOT) reported sales of $9.65 billion in the fourth quarter of 2007. That is down from $11.8 million in revenue in the quarter a year ago. Net earnings in the fourth quarter of 2007 were $0.04 per share, which include $0.05 per share from continuing operations and a net loss of $0.01 per share from discontinued operations  Analysts expected the company to make $.13 on revenue of $9.62 billion

Mobile Devices segment sales were $4.8 billion, down 38 percent compared with the year-ago quarter. The operating loss was $388 million, compared with operating earnings of $341 million in the year-ago quarter.

Home and Networks Mobility segment sales were $2.7 billion, up 11 percent compared with the year-ago quarter. Operating earnings decreased to $192 million, compared with operating earnings of $223 million in the year-ago quarter

Enterprise Mobility Solutions segment sales were $2.1 billion, up 35 percent compared with the year-ago quarter, driven by sales from the Symbol business acquired in early 2007. Operating earnings increased to $451 million, compared with operating earnings of $323 million in the year-ago quarter.

Shares were off pver 5% in the pre-market.

Douglas A. McIntyre