Moto Handsets Still Hemorrhaging

Oh no, Moto! The handset and equipment maker reported a $3.6 billion loss today on sales of $7.1 billion for the fourth quarter of 2008. Motorola’s handset business sold only 19.2 million phones, in line with expectations. With a quarterly loss of $595 million, Moto’s handset business has lost a collective $3.22 billion in the last two years. All other business units at the company reported...