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To: Ed Forrest who wrote (62758)1/17/2000 5:07:00 PM
From: J.B.C.  Read Replies (2) | Respond to of 152472
 
OT- Don't know what Mq's problem is???? I regularly break 80 around the 12th hole, it's not that hard. <g>



To: Ed Forrest who wrote (62758)1/17/2000 6:55:00 PM
From: Jenne  Respond to of 152472
 
Motorola Fourth-Quarter Profits More Than Triple
SCHAUMBURG, Ill. (Reuters) - Motorola Inc. (NYSE:MOT - news), the world's second-largest wireless telephone maker, said on Monday its fourth-quarter profits more than tripled, topping Wall Street forecasts, on strong wireless phone sales.

The Schaumburg, Ill.-based maker of computer chips and telecommunications equipment said operating profit, excluding one-time items, rose to $514 million, or 82 cents per share, from $159 million, or 26 cents per share, in the year-earlier quarter.

On average, analysts were forecasting 81 cents per share, according to First Call/Thomson Financial estimates.

Ahead of the news, shares in Motorola closed Friday up 11-8/16 at 150-1/16. The U.S. stock markets were closed on Monday in observance of Martin Luther King Day.

The company said it recorded a fourth-quarter charge of $740 million to increase reserves related to its financial exposure to Iridium LLC, the global satellite telephone company that Motorola bankrolled.

Motorola said the charge would fully cover its financial exposure to Iridium, which filed for Chapter 11 bankruptcy protection in August. Iridium struggled to sign up subscribers to its pricey service, which allows customers to place calls from anywhere in the world via a network of satellites.

Including one-time items, Motorola's fourth-quarter profits were $349 million, or 56 cents per share.

Motorola said net sales rose to $8.5 billion from $8.3 billion in the same period a year ago.

Sales for its personal communications segment, which includes wireless phones, rose 13 percent to $3.5 billion, while orders rose 12 percent to $3.6 billion.

Motorola said worldwide demand for wireless phones was stronger than manufacturers and component suppliers had expected at the beginning of 1999, which led to component shortages.

The company said shortages would likely continue in the first quarter of 2000 and to a lesser degree in the second quarter, but said first quarter wireless phone sales would likely exceed fourth quarter 1999 levels.

In the semiconductor products segment, Motorola said sales increased 15 percent to $1.8 billion, while orders climbed 24 percent to $2.0 billion.

Motorola's share price has more than doubled in the last year, powered by explosive demand for wireless phones. The stock price was also boosted by a turnaround in the global semiconductor market and internal cost cuts which improved profits.

In 1998, the company announced a sweeping restructuring plan and slashed thousands of jobs in an effort to cut costs and improve profits. Those moves began to pay off later that year, but Motorola's fourth-quarter 1998 profits still fell 60 percent from the prior year's level.



To: Ed Forrest who wrote (62758)1/17/2000 9:49:00 PM
From: waverider  Read Replies (2) | Respond to of 152472
 
>>>your a HACK!!!<<<

ed, ed, ed...please don't start another rant on apostrophes!!!!

it's you're...not your!

I smell trouble.



To: Ed Forrest who wrote (62758)1/18/2000 2:58:00 PM
From: Maurice Winn  Read Replies (1) | Respond to of 152472
 
OT ***Golf Gods 1 -- Mqurice 0*** Well, I birdied the first [difficult] hole, putting from just off the green into the hole, and the stupid gods were in big trouble. But they are cunning as hell. They carved up my friend [who fired, truly, 4 balls into a valley and one sliced over a fence at the second tee which was has NEVER come even close to happening before, which so upset him that it turned him into a demented maniac]. By carving up my friend, they showed their cowardly ways. Distracting me in sympathy.

I got 7 x 3 putts [which is absurd!]. Maybe 1 or possibly 2 in a game would be heaps.

Even at the 12th there was a chance.

Uncle Franq, I did my best, but the evil ones were too powerful, preferring destruction and torment instead of happy communion and achievement.

Call me a hack, a chastened hack.
:-[
Mq

PS: I will return! Or, in modern parlance, I'll be back!

With a little 'edit' time left, I see, 'I'll be watching' is also a good one.

By the way Ed, it's 'bated' breath, not 'baited' which would be smelly fish-breath or something. You know, bated as in unabated and stuff like that. Maybe I should do spelling bees and you fight the Golf Gods! :-]

Okay, better read this thread - I already see Jim Willie's violent obsession continues with his schedule of guns and dark mind.