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Motorola Broadband sales jump during strong Q1

Tue, 04/20/2004 - 8:00pm
Jeff Baumgartner

Sales at Motorola 's broadband division jumped 16 percent to $488 million in the first quarter, while operating earnings more than doubled to $24 million.

The company said six cable MSOs have begun to deploy Motorola's high-definition/digital video recording digital set-top, and that HD set-top shipments breached the 1 million mark during the quarter.

Overall, Motorola reported a Q1 profit of $609 million (25 cents per share), up 257 percent from a year ago.

Looking ahead, the company expects to post sales of between $8.2 billion and $8.6 billion in the second quarter.

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