Motorola Posts Q3 Loss, Delays Separation Plans

Motorola announced a third quarter net operating loss approaching $400 Million due in large part to sagging cell phone sales.  Mobile Device sales came in at $3.1 Billion, down 31 percent year-over-year for an operating loss of over $800 Million for the segment.  Co-CEO Sanjay Jha noted that the separation of the company into two distinct units ( cell phones and infrastructure)  would probably be pushed back from its mid-2009 target date.