Motorola lowers revenue forecast after sale of its automotive division (The Philadelphia Inquirer)
Motorola lowers revenue forecast after sale of its automotive division (The Philadelphia Inquirer)
Motorola Inc., the maker of mobile phones, lowered its second-quarter revenue forecast to reflect the $1 billion sale of its automotive-electronics business to Continental AG. Revenue reported for the quarter will exclude about $400 million in automotive-unit sales, because the business was sold Sunday, Motorola said yesterday. Motorola, whose broadband unit is based in Horsham, adjusted its