Motorola and Lucent Technologies, veteran wireless technology companies that had been staggering, this week reported signs that they have recovered.
Lucent Technologies, which provides infrastructure equipment for wireless and wired telecom operators, reported net income of $338 million for the quarter that ended December 31. It lost $264 million in the same quarter a year ago. It was Lucent's second consecutive quarterly profit after reporting net income of $99 million in the previous quarter.
Motorola reported net earnings of $489 million for the just-ended quarter compared to net earnings of $174 million for the same quarter a year ago. It also reported a 17 percent increase in sales from the previous quarter. Both sales and earnings exceeded the company's previous guidance.
Overall, Motorola's sales for 2003 were $27.1 billion, which was slightly less than full-year sales for 2002. However, net earnings for the company were $893 for the year compared with a net loss of $2.5 billion for 2002, the company said in its statement.
Motorola has struggled to keep pace in the mobile phone market and has indicated it may divest itself of its microprocessor business unit. It also recently replaced long-time CEO Chris Galvin with industry veteran Ed Zander.