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Strategies & Market Trends : Technical analysis for shorts & longs

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Dec 5 4:00 PM EST

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To: Johnny Canuck who wrote (34695)	10/10/2001 2:00:19 AM
From: Johnny Canuck	Read Replies (2) of 68680

Tuesday October 9, 7:49 pm Eastern Time Motorola Posts Third Consecutive Loss . . The company, based in the Chicago suburb of Schaumburg, Illinois, said its wireless phone unit returned to profitability in the third quarter, a quarter ahead of schedule. The business gained two percentage points of global market share versus a year ago to between 17 to 18 percent. The wireless phone business posted a $19 million operating profit, up from losses in the previous two quarters, but sales were down 16 percent to $2.7 billion due to lower demand from telephone companies, and orders fell 12 percent. . . Another major Motorola business, semiconductors, posted an operating loss of $355 million compared with a profit of $202 million last year. Sales fell 48 percent to $1.1 billion, while orders declined 49 percent. biz.yahoo.com

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