Motorola’s future a little rosier
After announcing on Wednesday a US$232 million second-quarter operating loss, G4 processor supplier Motorola said Thursday it expects to post a loss of “several cents per share” in the third quarter, but should be “slightly profitable” in the fourth quarter. Analysts had been looking for a break-even third-quarter and an 11 cent per-share profit in the fourth-quarter. While the news at first glance appears to be bad, stock analysts took it as good news that things wouldn’t be worse.
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