S&P: Motorola on watch

Standard & Poor's said it placed its A- corporate credit and other long-term ratings for Motorola Inc. on CreditWatch with negative implications following the company's announcement that June-quarter revenues would be significantly below earlier expectations and that the mobile devices unit would no longer be profitable for the full year, contrary to earlier expectations.

The agency said that other business units are performing in line with management's expectations.

Motorola expects revenues in the June quarter to be about $8.6 billion-$8.7 billion and expects to report breakeven net income before special charges, S&P noted.

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