Motorola- No Profit This Year

Motorola's crisis shows no sign of letting up. The world's second-biggest mobile phone manufacturer today revised down its sales forecast for the second quarter of 2007 from $9.4bn to between $8.6-8.7bn. Moto no longer expects its mobile division to make a profit this year.

So far this year, the firm has eliminated 7,500 jobs.

Source: Telecoms.com