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PDAStreet.com > News > Motorola Forecasts Loss on Struggling Phone Biz

Motorola Forecasts Loss on Struggling Phone Biz

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January 23, 2008

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Motorola said on Wednesday it will post an operating loss in the current quarter as recovery in its mobile phone business is taking longer than expected, dashing Wall Street expectations for a profit and sending its shares down as much as 14 percent.

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