Motorola 1Q Loss Widens, The Company Cuts Costs
Motorola posted a first-quarter net loss of $228 million, or 10 cents a share, compared with a loss of $190 million, or 9 cents a share, a year ago when there were fewer shares. Motorola said it is ahead of schedule in its cost cuts and raised its full-year cost-savings target by $200 million to $1.7 billion.
Source: WSJ
