Motorola Inc.: The electronics and technology firm...
From Times Staff and Wire Reports
Motorola Inc.: The electronics and technology firm said its 1990 profit rose slightly to $499 million from $498 million in 1989, on sales of $10.88 billion, an increase of 13%. Fourth-quarter earnings, however, fell 17% to $109 million, as sales climbed 11% from the year-ago period to $2.93 billion. The Schaumberg, Ill.-based company cited market share gains by its semiconductor and information systems groups and a lower tax rate, but said those were offset by lower margins in its communications and general systems sectors, and foreign exchange losses.
