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Technology Stocks : Flextronics International (FLEX)

FLEX 64.00

+1.8%

10:54 AM EST

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To: Daryl Gresham who started this subject	4/11/2001 4:08:00 PM
From: Michael H	Read Replies (1) of 1422

From Motorolas Earnings PR yesterday: Motorola says handset unit should be profitable in Q3 CHICAGO, April 11 (Reuters) Motorola Inc. (NYSE:MOT - news), the world's second-largest mobile phone maker, said on Wednesday its personal communications unit, which makes the phones, should be profitable in the third quarter. Motorola late on Tuesday reported its first quarterly operating loss in 15 years. The company said it lost $206 million from ongoing operations in the first quarter, or 9 cents a share, excluding special items, compared with a profit of $481 million, or 21 cents, a year ago. The personal communications unit reported an operating loss of $402 million versus a profit of $53 million a year ago. Sales fell 29 percent to $2.3 billion and orders fell 10 percent to $2.8 billion. The unit has been taking aggressive cost-cutting measures, including the outsourcing of manufacturing and job cuts, in order to improve its financial results. This probably moves FLEX today. Michael

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