Motorola posts $291 million loss in first quarter, mobile sales fall 45 percent

Motorola has spilled some very unappetizing beans with its first quarter results. The company missed its projected sales figure of $5.62 billion, posting $5.4 billion, $1.8 billion of which were in its handsets division. The cellphone space is where the company seems to be hurting the most — sales were down 45 percent there — though some projections had it faring worse than that