Troubles come ringing at the Motorola end - and the company is tackling issues more than one to stay afloat profitably!

On Tuesday, the telecommunications equipment maker, reporting a substantial $3.6 billion fourth-quarter loss, announced its decision of deferring its dividend for the quarter, and the departure of its Chief Financial Officer Paul Liska.

Motorola's quarterly loss - a drastic turnaround from the $100 million profit a year before - resulted chiefly from its gigantic non-cash charges for goodwill impairment and a rise in a tardy tax reserve, and has brought the company down to a fifth place in the global cellphone market.

The Schaumburg, Illinois-based company also said that its fourth-quarter sales of $7.1 billion indicated a 26 percent plunge from the fourth- quarter previous year sales of $9.65 billion.

Motorola also announced that it will soon be undertaking cost-cutting measures aimed at a yearly saving of $1.5 billion in 2009.

Refraining from giving any reason for CFO Liska's decision to depart, Motorola said that its corporate controller Edward J. Fitzpatrick will replace the outgoing CFO as the acting Chief Financial Officer for the time being. (Rupinder contributed to this report)