Financial Times FT.com

Motorola shows signs of stability

By Paul Taylor

Published: July 31 2008 17:56 | Last updated: July 31 2008 17:56

Stronger-than-expected mobile phone sales helped Motorola report a small second-quarter profit on Thursday and narrowly maintain its ranking as the third largest mobile phone manufacturer in the world.

While Greg Brown, chief executive, cautioned that “there is a lot more to be done,” the results are the first real indication that Motorola’s turnround strategy, which has included deep cost cuts coupled with efforts to update the company’s mobile phone portfolio, is beginning to deliver results.

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