Tag: motorola mobility

It’s Done! Lenovo Now Officially Owns Motorola

Today, Motorola officially announced that Lenovo has completed the acquisition of Motorola Mobility and the company is now a part of the Lenovo family.

Lenovo Group Ltd has finally closed its $2.91 billion acquisition of the Motorola handset unit from Google Inc and is preparing itself for a fresh attack on the U.S smartphone market. The purchase comes as Lenovo, the world’s leading PC maker, is trying to integrate its business into various segments and establish itself as a smartphone maker with global appeal.

Back in 2012, Google acquired Motorola Mobility and its patent for $12.5 billion but was unable to revive the company to its old glory.

“The iconic Motorola brand will continue, as will the Moto and DROID franchises that have propelled our growth over the past year,” explains Rick Osterloh, Motorola President, “We will continue to focus on pure Android and fast upgrades, and remain committed to developing technology to solve real consumer problems.”

“Google will maintain ownership of a majority of the Motorola Mobility patent portfolio, while Motorola will receive a license to this rich portfolio of patents and other intellectual property,” says Lenovo. Google’s CEO Larry Page said, “Motorola is in great hands with Lenovo, a company that’s all-in on making great devices.”

October 30, 2014
Motorola Mobility result out, loses $86 million in Q1

Motorola has posted yet another disappointing quarter, while revenues were up to $3.1 billion, Moto lost $86 million in Q1 of 2012. That is 6 more million lost compared to their previous quarter. In terms of shipments only 8.9 million devices were shipped in the quarter which is down from the 10.5 million shipped last quarter. The company’s home gateways and broadcast goods, managed to generate $68 million, up from $53 million a year ago.

[toggle_box title=”Press Release” width=”550″]

Motorola Mobility Announces First Quarter Financial Results

LIBERTYVILLE, Ill., May 1, 2012 /PRNewswire/ —

First Quarter Financial Highlights

Net revenues of $3.1 billion

Non-GAAP net loss of $0.03 per share compared to net loss of $0.08 per share in first quarter 2011; GAAP net loss of $0.28 per share compared to net loss of $0.27 per share in first quarter 2011

Mobile Devices net revenues of $2.2 billion; Non-GAAP operating loss of $85 million; GAAP operating loss of $121 million

Shipped 8.9 million mobile devices, including 5.1 million smartphones

Home net revenues of $884 million; Non-GAAP operating earnings of $91 million; GAAP operating earnings of $68 million

Motorola Mobility Holdings, Inc. (NYSE: MMI) today reported net revenues of $3.1 billion in the first quarter of 2012, up 2 percent compared to the first quarter of 2011. The GAAP net loss in the first quarter of 2012 was $86 million, or $0.28 per share, compared to a net loss of $81 million, or $0.27 per share, in the first quarter of 2011. On a non-GAAP basis, the net loss in the first quarter 2012 was $10 million, or $0.03 per share, compared to a net loss of $25 million, or $0.08 per share, in the first quarter of 2011.

The Company had operating cash outflow of $98 million in the first quarter. Total cash at the end of the quarter was $3.5 billion and includes cash, cash equivalents, and cash deposits.
Details on non-GAAP adjustments and the use of non-GAAP measures are included later in this press release and in the financial tables.

“The introduction of RAZR™ MAXX marked another successful addition to the Motorola product family and contributed to our growth in smartphones. Our Home business delivered another solid quarter highlighted by improvement in year-over-year profitability,” said Sanjay Jha, chairman and chief executive officer, Motorola Mobility. “We continue to work closely with Google to complete the proposed merger during the first half of the year.”

Operating Results

Mobile Devices net revenues in the first quarter were $2.2 billion, up 3 percent compared with the year-ago quarter. The GAAP operating loss was $121 million compared to an operating loss of $89 million in the year-ago quarter. The non-GAAP operating loss was $85 million compared to an operating loss of $61 million in the year-ago quarter. The Company shipped a total of 8.9 million mobile devices in the first quarter, including 5.1 million smartphones.
Mobile Devices highlights:

Launched RAZR™ MAXX, the longest-lasting 4G LTE smartphone, allowing customers to talk for over 21 hours on a single charge, and DROID 4 by Motorola, the thinnest and most powerful 4G LTE QWERTY smartphone.

Expanded budget-friendly smartphone portfolio in China, Europe, and Latin America with the introduction of MOTOLUXE™, a slim touchscreen device and Motorola DEFY™ MINI, the ideal “life proof” device for the active consumer.

Teamed up with Bubba Watson, four time PGA Tour winner, including the 2012 Masters to introduce MOTOACTV™ Golf Edition, a cutting-edge GPS golf tracker, virtual caddy and online clubhouse.

Home segment net revenues in the first quarter were $884 million, down 2 percent compared with the year-ago quarter. GAAP operating earnings improved to $68 million, compared to $53 million in the year-ago quarter. Non-GAAP operating earnings were $91 million compared to $81 million in the year-ago quarter.

Home highlights:

Introduced Connected Home Gateway, the industry’s first plug-and-play solution for home monitoring and control services.

Provided equipment and services to Asian Broadcasting Network for launch of Malaysia’s most advanced digital cable TV network.

Industry recognition of our Medios multi-screen software portfolio including SecureMedia® named “Best Rights and Asset Management Solution” at 2012 IPTV World Forum.

Announced global distributor and integrator agreement with Edgecast’s Content Delivery Network platform, enabling advanced multi-screen service delivery to consumers.

Merger Update

As previously announced on August 15, 2011, Motorola Mobility and Google Inc. (“Google”) (NASDAQ: GOOG) entered into a definitive agreement for Google to acquire Motorola Mobility for $40.00 per share in cash, or a total of approximately $12.5 billion.

Motorola Mobility and Google continue to work closely with the authorities in China for approval on the acquisition. The transaction has been investigated and cleared without conditions in all other jurisdictions with pre-closing clearance requirements. We continue to expect the transaction to close during the first half of 2012.

For more information on the proposed merger, please visit http://investors.motorola.com.
Conference Call and Webcast

In light of the pending acquisition of the Company by Google, the Company does not conduct a financial analyst conference call or webcast following the release of its earnings information nor provide financial guidance. To access the first quarter results and other financial information, please visit http://investors.motorola.com.

[/toggle_box]

May 3, 2012
Apple wins Injunction against Motorola in Germany

The Munich I Regional Court handed down a decision awarding Apple an injunction against all Motorola devices for Apple’s patent on “portable electronic device[s] for photo management.” According to FOSS Patents’ Florian Mueller, there is a chance that Apple could choose to enforce the ban, which could require Motorola to destroy all existing products that violate the claim.

“Today’s ruling in Munich, Germany on the patent litigation brought by Apple concerns a software feature associated with performing certain functions when viewing photos in a ‘zoomed in’ mode on mobile devices. We note that the Court ruled that performing the functions in a ‘zoomed out’ mode does not infringe on this patent. We expect no impact to supply or future sales as we have already implemented a new way to view photos on our products that does not interfere with the user experience.”

-Motorola

[FOSS Patents]

March 2, 2012
US and EU give their approval to the Google Motorola Deal

Both the United States Justice Department and European regulators have given the Google Motorola deal their sign of approval. The proposed takeover that was decided mid 2011 had gaining concerns from interested parties, other android using manufacturers and some non related manufacturers as well. Major play for Motorola will give google a huge chunk of patents to play with in the fight ahead with companies like Apple.

The US department of Justice has clarified that the takeover /merger poses no real threat to competition and that it “will not hesitate to take appropriate enforcement action to stop any anticompetitive use of SEP (standard essential patent) rights.”

More approvals are still needed from China, Israel and Taiwan, but, with the two superpowers out of the way, minorities may to really matter.

February 14, 2012
Motorola working on two new Razr tablets with LTE

Motorola Mobility Droid Xyboard in two sizes: a larger 10-inch design and a smaller 8-inch may be coming out soon. Several images and rumors later the company finally showed their goods to Cnet. Both come with a 1.2GHz CPU, 1GB of RAM and a five-megapixel camera, along with a 1.3 megapixel front-facing cam. They’re also coated in Corning Gorilla Glass.

Cnet said both are “thinner than a AAA battery and lighter than a paperback book.”

The stylus-equipped ten-inch version is reportedly geared toward the enterprise market, whereas its little brother is described as more media-friendly and aimed towards the consumer. Both these tablets are set to launch with US carrier Verizon, therefore these will be sim free CDMA devices. Unlocked versions are expected to release in the form of XOOM tablets for GSM and global consumption in 2012.

[CNET]

December 5, 2011
Breaking: Google will Acquire Motorola Mobility : SuperPower the Android Devices

Holy Acquisitions Batman: Here is some happy freedom news, Google has announced that it will Acquire Motorola Mobility to supercharge the Android Stratosphere. Google calls it Motorola’s complete dedication to the Android Platform, we call it US$56 Million in net losses last quarter. Either way we can see a whole new level of smartphone rise now that the company who makes the OS will also make the hardware. Reminds us of a certain Fruit Computer giant that forayed into Mobile phones in 2007. This should seriously heat up the competition and take it to the next level.

The take over will involve exchanges of moolah in surplus of about $12.5 billion,

2012 is going to be the year of mobile innovation, we can almost feel it, Read the official announcement below.:

Supercharging Android: Google to Acquire Motorola Mobility

8/15/2011 04:35:00 AM

Since its launch in November 2007, Android has not only dramatically increased consumer choice but also improved the entire mobile experience for users. Today, more than 150 million Android devices have been activated worldwide—with over 550,000 devices now lit up every day—through a network of about 39 manufacturers and 231 carriers in 123 countries. Given Android’s phenomenal success, we are always looking for new ways to supercharge the Android ecosystem. That is why I am so excited today to announce that we have agreed toacquire Motorola.

Motorola has a history of over 80 years of innovation in communications technology and products, and in the development of intellectual property, which have helped drive the remarkable revolution in mobile computing we are all enjoying today. Its many industry milestones include the introduction of the world’s first portable cell phone nearly 30 years ago, and the StarTAC—the smallest and lightest phone on earth at time of launch. In 2007, Motorola was a founding member of the Open Handset Alliance that worked to make Android the first truly open and comprehensive platform for mobile devices. I have loved my Motorola phones from the StarTAC era up to the current DROIDs.

In 2008, Motorola bet big on Android as the sole operating system across all of its smartphone devices. It was a smart bet and we’re thrilled at the success they’ve achieved so far. We believe that their mobile business is on an upward trajectory and poised for explosive growth.

Motorola is also a market leader in the home devices and video solutions business. With the transition to Internet Protocol, we are excited to work together with Motorola and the industry to support our partners and cooperate with them to accelerate innovation in this space.

Motorola’s total commitment to Android in mobile devices is one of many reasons that there is a natural fit between our two companies. Together, we will create amazing user experiences that supercharge the entire Android ecosystem for the benefit of consumers, partners and developers everywhere.

This acquisition will not change our commitment to run Android as an open platform. Motorola will remain a licensee of Android and Android will remain open. We will run Motorola as a separate business. Many hardware partners have contributed to Android’s success and we look forward to continuing to work with all of them to deliver outstanding user experiences.

We recently explained how companies including Microsoft and Apple are banding together in anti-competitive patent attacks on Android. The U.S. Department of Justice had to intervene in the results of one recent patent auction to “protect competition and innovation in the open source software community” and it is currently looking into the results of the Nortel auction. Our acquisition of Motorola will increase competition by strengthening Google’s patent portfolio, which will enable us to better protect Android from anti-competitive threats from Microsoft, Apple and other companies.

The combination of Google and Motorola will not only supercharge Android, but will also enhance competition and offer consumers accelerating innovation, greater choice, and wonderful user experiences. I am confident that these great experiences will create huge value for shareholders.

I look forward to welcoming Motorolans to our family of Googlers.

Posted by Larry Page, CEO

Forward-Looking Statements

This blogpost includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements generally can be identified by phrases such as Google or management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe the proposed transaction, including its financial impact, and other statements of management’s beliefs, intentions or goals also are forward-looking statements. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of the combined companies or the price of Google or Motorola stock. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to the ability of the parties to consummate the proposed transaction and the satisfaction of the conditions precedent to consummation of the proposed transaction, including the ability to secure regulatory approvals at all or in a timely manner; the ability of Google to successfully integrate Motorola’s operations, product lines and technology; the ability of Google to implement its plans, forecasts and other expectations with respect to Motorola’s business after the completion of the transaction and realize additional opportunities for growth and innovation; and the other risks and important factors contained and identified in Google’s filings with the Securities and Exchange Commission (the “SEC”), any of which could cause actual results to differ materially from the forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. Google undertakes no obligation to update the forward-looking statements to reflect subsequent events or circumstances.

August 15, 2011