Co-chief executive Sanjay Jha has refocused Motorola toward trying to tap the expanding market for mobile gadgets that offer features such as e-mail and Web browsing.
(Paul Sakuma/Associated Press/File 2009)
MARKET MOVERS
Turnaround efforts, forecast lift Motorola
Co-chief executive Sanjay Jha has refocused Motorola toward trying to tap the expanding market for mobile gadgets that offer features such as e-mail and Web browsing.
(Paul Sakuma/Associated Press/File 2009)
Motorola’s turnaround effort finally could be on track. The Illinois maker of communications equipment reported an unexpected quarterly profit as losses in its mobile phone division narrowed. Motorola also forecast stronger-than-anticipated earnings for last three months of the year, boosting shares. Aggressive cost cutting, including 8,000 layoffs this year, has helped bolster earnings.
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