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Motorola First-Quarter Sales down 21%

Motorola, the company that manufactured the first commercially available cell phone, saw its overall sales drop 21% in this year’s first-quarter. Sales dropped to $7.45 billion from last year’s first-quarter sales number of $9.43 billion. Motorola’s cellphone division dropped 39% compared to the sales numbers from first-quarter 2007. The mobile phone division lost $418 million during [...]

Samsung Electronics Posts First-Quarter Profits of 37%

Samsung Electronics announced today that its net profit was up 37% in the first-quarter of this year. Much of the increase came from sales of cell phones in emerging markets. Samsung earned 2.19 trillion won ($2.2 billion) in the three months that ended on March 31. Sales rose 19% to 17.11 trillion won ($17.19 billion). Samsung [...]

NextWave to Sell Spectrum Holdings

NextWave Wireless is planning to sell its holdings of U.S. airwaves. It is estimated that the licenses held by NextWave are worth billions of dollars. The money raised from the sales will be used by NextWave to pay off debt and invest in the company’s products. NextWave makes telecommunications equipment. Among other things, it makes [...]

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