Motorola's Set-Top Unit Reports Increased Sales, Earnings

Filed in archive IPTV on July 28, 2005

Motorola's stock has been trending up nicely for the last two months mostly on the strength of its cellular phone strength. However, the company has good news from its set top box unit, too.

Second quarter financial results and shipment totals for its Connected Home Solutions Segment (i.e. its set-top box division):

-- Sales totaled $718 million, up 35% from the year-ago quarter.

-- Operating earnings totaled $47 million, compared to $38 million for the year-ago quarter.

-- Set-top box shipments totaled 1.95 million units, compared to 1.4 million units for the preceding quarter. The company claims to have shipped a total of 39.2 million set-tops to date.

-- Shipments of thin-client digital set-tops totaled 1.12 million, compared to 691,000 for the preceding quarter.

-- Shipments of HD DVR's totaled 644,000, compared to 545,000 for the preceding quarter, while shipments of HD set-tops totaled 191,000, compared to 153,000 for the preceding quarter.