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Motorola Has Its Hands Full

By Jay Somaney

 About this article:
 For Somaney's preview heading into the Motorola conference call, please click here. Motorola reported a mixed bag set of numbers this morning. The company reported revenue of $5.37 billion, which was below expectations, and a loss of 10 cents per share, which beat expectations. The Street was at $5.55 billion in revenue, with a loss of 11 cents per share. The company sold 14.7 million phones for the three months ended March 31, which was below consensus of 15 million. Management said that it is focused on cost cuts and raised its cost-savings target for 2009 to $1.7 billion, up from the $1.5 billion to which it had previously guided. The company said that $1.3 billion worth of savings will come from the cell phone unit. Motorola also said it will be cash flow positive in the second half of this year. Samsung and Nokia are Motorola's...

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