Motorola Loses 15.8% on Warning - TheStreet

Motorola Loses 15.8% on Warning

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Motorola

(MOT)

was down 15.8% in preopen

Instinet

trading after it warned that fourth-quarter sales and earnings would fall short of expectations because of weakness in its semiconductor and personal communications businesses.

The mobile phone manufacturer said sales would be $10 billion and earnings per share would be 15 cents. The company's previous estimates were for sales of $10.5 billion and earnings of 27 cents per share. The

First Call/Thomson Financial

estimate is also 27 cents.