AP http://xrl.us/beerse

Motorola says it lost $3.6 billion, or $1.57 per share, in
the fourth quarter as it took massive non-cash charges for
goodwill impairment and an increase in a deferred tax

Hammered by a decline in sales, the maker of
telecommunications equipment also said it would suspend its
dividend, and its chief financial officer Paul Liska is

The company also says it is undertaking cost-cutting
measures meant to save $1.5 billion in 2009.

Excluding items, the Schaumburg, Ill.-based company lost a
penny per share in the fourth quarter. Analysts polled by
Thomson Reuters on average expected Motorola to break even
on that basis.

In the same quarter of 2007, Motorola earned $100 million,
or 5 cents per share.

Motorola's sales were $7.1 billion, down 26 percent from
the fourth quarter of 2007.


See More: Motorola circling the drain