Motorola lost $86 million in the last quarter

Dante D'Orazio, reporting for The Verge:

Motorola Mobility, which is still awaiting approval to be acquired by Google for $12.5 billion has just released its earnings for the first quarter of 2012, and the company continues to lose money. The handset and cable box manufacturer posted a $86 million loss for the quarter on a GAAP basis, led by a $121 million dollar loss from the mobile unit.