536 posts and columns on Motorola
News Byte$300 million on severance charges. In August, the company told investors that those charges would cost $275 million. Google says it will also spend another $90 million on “other charges related to facility and market exits,” and says more cuts and charges may come, “some of which may be significant.”
News Bytelays off some 4,000 workers this year. Google tells investors that overhauling Motorola will end up generating other losses, as well. “Although Google cannot currently predict the amount of these other charges at this time, these additional charges could be significant.”
News Bytesays it spent $458 million on 24 acquisitions through June 30 of this year. That’s in addition, of course, to the $12.5 billion it spent on Motorola Mobility.