Motorola to lay off 800 more workers

31.10.2011

In the same SEC filing, Motorola noted that in June 2010 it settled litigation with another company and came to a licensing agreement that included an upfront payment to Motorola of $175 million. Combined with the value of patents exchanged, Motorola recorded a gain of $228 million in the nine months ending Oct. 2, 2010, related to the agreement.

Motorola didn't name the company, but in June of 2010 it announced it had . At the time, Motorola said it would receive a payment as well as ongoing royalties.

Last week Motorola , in what could be its last quarterly earnings report as an independent company. It narrowed its losses to $32 million but did not say if it still expects to be profitable for the full year, as it previously predicted.

The IDG News Service