Motorola in the red?

09:48, January 29, 2010      

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Motorola Inc, the largest US mobile-phone maker, forecast a surprise first-quarter loss, missing analysts' estimates and signaling new handsets are failing to boost sales. The stock fell.

The loss, excluding some costs, will be 1 cent to 3 cents a share, the company said yesterday in a statement. Analysts predicted a profit of 3 cents, the average of estimates in a Bloomberg survey. Motorola is trying to reverse three years of slumping sales and recapture the success it had with its 2004 Razr phone by rebuilding its handset business around Google Inc's Android software.

Source: Xinhua
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