Saturday, August 2, 2008

A glimpse of light in a dim economy



Hey, a profit is a profit. With an economy that has been seemingly spiraling into a free fall recently, little gains can be big. Motorola Inc. has been reported to have had a small second quarter gain, according to Taipei Times, due to an increase in its shipping of cellular phones (28.1 million cellphones, compared to just 27 million in the first quarter this year) and some cost-cutting measures, which unfortunately involved handing out the pink slip to about 10,000 employees. This news of profits for Motorola is actually made sweeter by the fact that the company had actually posted a whopping $28 million, or 2 cents a share. And despite Motorola's recent decline in the global market, it was able to sustain its high ranking in the cell phone industry. Motorola is the third biggest cell phone company, next to Nokia Corp and Samsung Electronics Co.

ORIGINAL ARTICLE

PHOTO SOURCE:http://www.portfolio.com/images/feeds/blogs/Motorola-hei2a.gif

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