Set-top revenue at Motorola Mobility dips in Q4 2011

Motorola Mobility (NYSE: MMI) said net revenue at its home division dropped 11 percent to $897 million in the fourth quarter.

The technology vendor, which supplies digital set-tops and other gear to Comcast (Nasdaq: CMCSA), Verizon (NYSE: VZ) and several other cable MSOs, said fourth-quarter shipments decreased by 3 percent compared to the same period in 2010.

Motorola faces increased competition in the set-top space from consumer electronics manufacturers, which are supplying gaming consoles, connected TVs and other devices capable of delivering pay TV programming. The company is focused this year on deploying video gateways that would replace traditional DVRs, and allow cable subscribers to access programming on multiple IP devices, including tablets computers and thin client IP set-tops.

Motorola didn't hold a conference call with analysts, nor did it release projections for the rest of the year, citing its pending merger with Google (Nasdaq: GOOG).

For more:
- see the earnings release

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