Motorola Inc. Broadband Communications Sector has shipped its one-millionth cable modem to the Europe, Middle East and Africa (EMEA) region.
Recent research from Gartner DataQuest predicts that cable modem shipments in the EMEA region will nearly triple to roughly four million units by the end of 2006 compared to 2001. Motorola believes it is well-positioned to continue a leadership role as this region embraces high-speed IP data services.
Motorola's Euro-DOCSIS/DOCSIS SURFboard cable modem is part of the company's suite of IP products, which includes customer premise equipment and infrastructure technology.
On a worldwide basis, Motorola has shipped more than 9 million cable modems to date. The company has been in the cable modem game for about eight years.
Separately, Motorola posted a 14 percent drop in year-over-year third-quarter sales and lowered its fourth-quarter and full-year 2003 outlook.
For the just-ended third quarter, the company recorded sales of $6.4 billion, a 14 percent drop from the $7.4 billion posted in the same period a year ago.
Looking ahead, Motorola said slow demand for broadband equipment, wireless infrastructure and semiconductors has forced the company to lower its fourth quarter and full-year 2003 outlook.
The company expects to post fourth quarter earnings of 10 cents a share on revenue of $7.1 billion. In an earlier forecast, Motorola was calling for earnings of 14 cents a share on revenue of $7.5 billion. The company also cut its full-year revenue estimates by nearly $3 billion. It expects to post full-year 2003 earnings of 40 cents a share on revenue of $26.3 billion, as compared to an earlier forecast calling for earnings of 45 cents on revenue of $29 billion.