Motorola (MOT) sold only 27.4 million handsets last quarter, an astonish drop of 40%. The division may now be worthless. It will be spun off from the other operations, but investors will be likely to see those shares trade at $1.

Motorola’s loss widened to $194 million, $.09, in the first quarter from $181 million. Revenue fell 21% to $7.45 billion

The company also guided below previous numbers fo Q2.

It is, at this point, a company where management cannot do anything to reverse the handset trends.

Douglas A. McIntyre

“The Next NVIDIA” Could Change Your Life

NVIDIA has returned 250-fold in the past 10 years as artificial intelligence took off.

But if you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over.

The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.”

The report outlines key breakthroughs in AI and the stocks ready to dominate the next wave of growth. The report is absolutely free. Simply enter your email below

Check Your Email! “The Next NVIDIA” Report is Being Sent to Your Inbox Right Now

By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.