Motorola, RealNetworks, Handspring weigh in with earnings

Motorola this evening reported a first-quarter loss of US$449 million, the company’s fifth consecutive quarterly loss, as revenues plunged 21 percent to $6.02 billion. Motorola’s Semiconductor Products Segment, responsible for the PowerPC processor, posted an operating loss of $226 million. Meanwhile, RealNetworks posted a first-quarter profit of about $1 million, the company’s first profitable quarterly in more than two years. Revenues were down slightly year-over-year at $47.3 million. Finally, handheld maker Handspring yesterday reported a third-quarter loss of $23.7 million as revenues tumbled more than 50 percent year-over-year to $59.7 million. Handspring said it has shipped 47,000 units of its new Treo communicator, which the company also yesterday launched in Australia, although just 13,000 have been sold to customers.

Exit mobile version