B2B Articles - Jan 6, 2012 9:33:49 PM - By Ironpaper
Motorola just issued an earnings warning, Motorola Mobility Provides Business Update Jan. 06, 2012, outlining the preliminary results for their fourth-quarter 2011. Holiday sales were much lower than expected. This doesn't look good for Google as they have been trying to buy the company for more than $12 billion.
Motorola's $3.4 billion in sales was flat from last year. Wall Street's expectations were $3.9 billion. What's worse is that their Q4 sales were lower than their Q3 sales.