The S-3 filing lets the wireless communications company register the securities in advance and sell them when market conditions are favorable or when financing needs arise. Terms of the securities are usually available at the time of the sale.
The company will use the net proceeds from the securities sale for general corporate purposes.
Earlier this week, the Schaumburg, Ill.-based company said it expects no improvement in its handset business for the next three to six months, with first-quarter sales unchanged from a year ago.
Company executives gave their outlook for the first quarter and all of 2001 on a conference call after saying that fourth-quarter earnings fell because of higher mobile-phone manufacturing expenses and slowing growth in chip sales.
Motorola has stumbled in recent quarters as it lost cell phone sales to rival Nokia and as growth in the market missed industry targets.
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