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Wed, Oct 15, 2003 - Page 12 News List

Motorola exceeds expectations

SURPRISE ANNOUNCEMENT The company's third-quarter results revealed a profit of US$116 million and a sales increase of 5 percent, beating analysts' predictions

AP , CHICAGO

"Not since 1983, 20 years ago, has Motorola had such a strong balance sheet," he said. "This is not by chance. We generated US$1.1 billion of positive operating cash flow this quarter."

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