The continuing cutback in capital expenditures hit Motorola Broadband Communications Sector as third-quarter revenue dropped 19% to $421 million this year.
Operating earnings dropped from $66 million last year to $24 million in third-quarter 2003. Motorola Inc. attributed the earnings drop directly to the drop in sales.
The one bright spot, Motorola said, was that orders increased 6% from the year-ago period, to $409 million.
The company said it's begun shipping its "DCT6208" HDTV-PVR (personal video recorder) set-top. Motorola added that it started shipping its "BSR64000" cable-modem-termination system and router platform to Cox Communications Inc.
In other news, Motorola announced a strategic partnership with Movaz Networks to market Movaz's optical-networking "Ray" product line. The fiber-optic gear can scale from a single wavelength to 40 wavelengths at up to 40 gigabytes.