An Unexpected Profit for Motorola
David Goldstein
Motorola announced better-than-expected earnings for the second quarter on Thursday, but the company is still plagued by declining revenue and losses in its cellphone unit, which it expects to spin off next year.
The maker of mobile phone and other telecommunications equipment based in Schaumburg, Ill., reported a profit of $4 million, in contrast to a loss of $28 million in the period a year earlier. Revenue of $8.08 billion for the quarter was 7.4 percent below the $8.73 billion reported in the period last year.
To read this New York Times article in full, see nytimes.com/2008/08/01/business/01motorola.html.
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