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Low Expectations Aid Motorola's Stock
Expectations are so low for Motorola (MOT Quote) that when it manages to meet estimates reduced by 59%, investors breathe a sigh of relief and reward the company's shares with a 6% pop.
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The shares have languished far below their 52-week high, set in March 2000, of $60.10. In recent trading, they were up $1.31 to $22.50.
The world's second-largest maker of handsets is enjoying something of a revival of its troubled stock, despite the weak results released Wednesday, despite confirming that first-quarter operating profit margins for both its handset and semiconductor businesses will be down and despite neglecting to provide promised financial projections for fiscal year 2001. ...
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