Motorola (MOT) already warned that it had a terrible Q4: Last month, the company said Christmas quarter cellphone shipments dropped 54% year-over-year, and that revenue would miss consensus by as much as $500 million.

So when the company discusses its earnings Tuesday morning, we'll be listening closest for what's next. This includes:

How Motorola's cellphone spinoff plans are going. Last October, Motorola said its spinoff -- originally scheduled for this summer -- would be delayed indefinitely.

Whether the company is really demoting Microsoft's (MSFT) Windows Mobile and focusing on Google's (GOOG) Android platform.

How the rest of Motorola's business -- its network infrastructure and set-top box units -- is doing.

What, if any, guidance the company will give for 2009.

Analysts expect Motorola to report $0.00 of adjusted EPS on $7.15 billion of revenue -- down from their $7.5 billion revenue consensus from January. Motorola said in its pre-announcement that revenue would fall between $7.0-7.2 billion.

For the full year, the Street expects Motorola to earn $0.01 on $25.8 billion of revenue -- down 14.5% year-over-year.



See Also:

Motorola Demotes Windows Mobile, Fires Staff

Dell Testing Both Microsoft, Google-Based Phones

Motorola Blows Q4, Firing 4,000 More