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Motorola’s future a little rosier

After announcing on Wednesday a US$232 million second-quarter operating loss, G4 processor supplier Motorola said Thursday it expects to post a loss of “several cents per share” in the third quarter, but should be “slightly profitable” in the fourth quarter. Analysts had been looking for a break-even third-quarter and an 11 cent per-share profit in the fourth-quarter. While the news at first glance appears to be bad, stock analysts took it as good news that things wouldn’t be worse. The company credited strong, positive cash flow from operations, reduced receivables, and reduced inventories for the rosier outlook.

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