Chip and phone maker beats profit estimates as sales slide

<font size=5>Motorola sales tumble</font>

July 11, 2001: 5:51 p.m. ET

NEW YORK (Reuters) - Wireless technology giant Motorola Inc. <font color="#FF0000">rang up its second consecutive operating loss on Wednesday</font>, citing difficulties in the telecom and semiconductor industries.

The Chicago area-based company reported a <font color="#FF0000">second-quarter operating loss of $232 million, or 11 cents a share, excluding special items, compared with $551 million, or 25 cents a share, in the same period last year</font>.

After Motorola warned in April that its second-quarter result would be a few cents worse than the first-quarter loss of 9 cents per share, analysts had expected it to post a 12-cent loss, with a range of a 10-cent loss to a 15-cent loss, according to Thomson Financial/First Call.

<font color="#FF0000">Sales fell 19 percent to $7.5 billion from $9.3 billion </font>last year.

Quelle: http://www.cnnfn.com

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