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Technology Stocks : Motorola (MOT) -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (526)	1/12/1998 6:14:00 PM
From: IKM	Respond to of 3436

From press release: Fourth quarter sales were $8.3 billion, up 8 percent from $7.7 billion in the fourth quarter of 1996. Earnings, including the special charges, were $321 million, compared with $238 million a year earlier. Earnings per share (diluted) were 53 cents, compared with 39 cents a year ago. The 1997 earnings include special charges of $110 million before taxes, equivalent to 12 cents per share after taxes. Special charges in 1996 totaled $183 million before taxes, equivalent to 20 cents per share after taxes. Excluding these charges, fourth-quarter earnings would have been $393 million, or 65 cents per share, compared with $357 million, or 59 cents per share in the fourth quarter of 1996. Net margin on sales was 4.0 percent in 1997, compared with 4.1 percent in 1996, while in the fourth quarter, net margin was 3.9 percent compared with 3.1 percent a year earlier. Excluding special charges, these margins for the full year would have been 4.6 percent versus 4.4 percent in 1996, and 4.8 percent for the fourth quarter of 1997 compared with 4.7 percent a year ago.