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

Electronics giant, Motorola, has released 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.

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