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PDAStreet.com > News > Motorola's Downward Spiral Continues Motorola's Downward Spiral Continues
By Judy Mottl
Sales plummeted 26 percent to $7.1 billion during fourth quarter, leading to a net loss of $3.6 billion, or $1.57 per share, and pushing the beleaguered handset maker from fourth to fifth place in the industry. That's a dramatic shift from the situation a year earlier, when Motorola reported a quarterly profit of $100 million, or $0.04 per share. The news had been worse than analysts expected. Get the full story here at InternetNews.com. Related Links:
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