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Summary Box: Motorola Mobility 3Q net loss lower

Published October 28, 2011 by
Technology - General News

THE RESULTS: Motorola Mobility, which makes cellphones and cable set-top boxes, reported a smaller loss in the latest quarter.

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THE MAIN REASON: Phone shipments rose. The company shipped 11.6 million phones during the quarter, 4.8 million of them smartphones. That’s about a quarter more than a year earlier.

THE FUTURE: Google Inc. is expected to acquire Motorola early next year. The search leader’s $12.5 billion acquisition offer is undergoing an extensive review by the U.S. Justice Department. Motorola said Thursday that its shareholders will vote on the deal in a Nov. 17 meeting.

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