By Sonya Rabbitte, 17 July 2002 11:45
NEWS Motorola posted the biggest loss in its history yesterday day but managed to beat analyst expectations - despite losing $2.3bn. The semiconductor division clocked up losses of $1.3bn, leading to a total net loss of $1.02 per share. In the second quarter last year net loss was 35 cents per share. When one time costs were excluded Motorola reported earnings of $48m or two cents per share. Analysts had expected a loss of four cents per share on this basis. Motorola shares closed 4.75 per cent up at $14.53 yesterday.
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