14 DAY TRIAL // Mobile phone maker Motorola Mobility has issued a statement regarding its preliminary results for the fourth quarter of the last year.
The company hasn't yet finalized its financial results for the timeframe, but says that sales have been of around $3.4 billion, and that it registered profitability on a non-GAAP basis.
Moreover, the handset vendor suggests that it might have been able to sell a number of around 10.5 million mobile devices, and that 5.3 million of them were smartphones.
“Motorola Mobility's fourth-quarter results were impacted by the increased competitive environment in the Mobile Device business and higher legal costs associated with ongoing Intellectual Property (IP) litigations,” the company announced.
“The Company estimates sales of $900 million for the Home business in the fourth-quarter. Motorola Mobility will issue its fourth-quarter 2011 earnings results at approximately 3:00 p.m. U.S. Central Time on Thursday, January 26, 2012.”
Moreover, the company announced that it planned on bringing a series of new products on the floor at the Consumer Electronics Show in Las Vegas, beginning January 10, 2012.
Motorola Mobility also reiterated the fact that it entered into a definitive agreement with Google back in August 15th, 2011, according to which Google will acquire Motorola Mobility for $40.00 per share in cash (the total value should be of approximately $12.5 billion).
Motorola Mobility's stockholders voted on November 7th, 2011 during the Company's Special Meeting of Stockholders, to approve the merger with Google.
The handset vendor also notes that it continues to work closely with Google for completing the proposed acquisition as soon as possible.
“The Company notes that the transaction remains subject to various closing conditions, and currently expects the transaction to close in early 2012 once all conditions have been satisfied,” Motorola stated.
“The Company reminds stockholders that it is possible that the failure to timely meet such conditions or other factors outside of the Company's control could delay or prevent completion of the transaction altogether.”