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To: Johnny Canuck who wrote (34695)10/9/2001 2:35:24 PM
From: j g cordes  Respond to of 70476
 
Thanks Harry, doesn't look like an upside surprize for MOT either by the way its trading.



To: Johnny Canuck who wrote (34695)10/10/2001 2:00:19 AM
From: Johnny Canuck  Read Replies (2) | Respond to of 70476
 
Tuesday October 9, 7:49 pm Eastern Time
Motorola Posts Third Consecutive Loss

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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.

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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