Motorola Posts $291 Million Loss In Q1

It certainly seems like a long time since any sort of good news has come from Motorola, and it looks like we’re going to have to wait a while longer before we have any hope of hearing something happy from them. The company has just revealed that it missed its projected sales figure of $5.62 billion, posting $5.4 billion, $1.8 billion of which were in its handset division. Sales of cell phones were down 45%, and Motorola is looking at a $291 million loss ($0.13 per share), which certainly can’t be good news.