Motorola surprises Wall Street with profit
Correction, 10:20 a.m. PDT: An earlier version of this story gave the incorrect quarter for the iPhone 3G's release. It was released in the third quarter of the calendar year.
Motorola surprised Wall Street Thursday by reporting a small profit and steady market share in its beleaguered handset business for the second quarter of 2008.
The key to Motorola's success for the quarter was cost-cutting and strong performance from businesses other than its handset division. As a result, the company was able to squeak out a $4 million profit, or less than 1 cent a share, … Read more