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Reception's fine, but profits need a boost
Motorola's cell phones are hitting a patch of static. The company announced it's looking at a spin-off unit for mobile devices. Sales of cell phones dove 38 percent in the fourth quarter. Handset sales are down worldwide. The Illinois company is trying to avoid a battle with shareholder Carl Icahn. Shares are up 10 percent in after-hours trading. Hello, Moto just doesn't seem to have that same ring anymore.
Posted on February 1, 2008 6:35 AM PT | Permalink
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