Motorola Profits from Cell Phone Sales




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Amid speculation that Motorola’s stock would fall, it actually increased, though less than a penny a share, during the second quarter. This is good news for investors and even better news for Motorola themselves. Now there is much talk about spin-off companies in the works.

Even so, it seems that now the focus is on finding a CEO for the cell-phone division of Motorola in anticipation of a spin off of the segment next year.

The unexpected $4 million profit is good news, but there’s still a long way to go. However, this is a big step up for Motorola and a sign of recovery considering last year they lost $28 million. 

[via Chicago Sun-Times]

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