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Updated from 11:13 a.m.

Sound familiar? Motorola(MOT Quote) this morning became the latest tech company to say it will miss already-lowered earnings targets for the fourth quarter.

Motorola, a maker of cell phones and semiconductors, said sales for the fourth quarter will be $10 billion and earnings will be 15 cents a share. Motorola had earlier said it would hit sales of $10.5 billion and have earnings of 27 cents a share for the quarter. The 25 analysts polled by First Call/Thomson Financial are expecting Motorola to earn 27 cents a share.

The company said first-quarter 2001 sales are expected to be $8.8 billion, with earnings per share of 12 cents. Motorola said it wouldn't give full-year 2001 guidance until it announced its final earnings results for 2000, but that those estimates, too, will likely be lowered. Motorola previously said it was expecting $44 billion in 2001 sales and $1.20 per-share earnings. Analysts are expecting earnings of $1.18 for 2001, according to First Call. ...