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Motorola Inc., the world’s No. 2 wireless phone maker, said it expected to meet analysts’ forecasts for its 2001 earnings, building on the strong sales seen in the fiscal first half. The company also said it was working toward a goal of delivering double-digit annual sales growth across all of its sectors. “We believe present consensus estimates for 2001 of earnings per share of $1.43 and sales of $47 billion are achievable,” Robert Growney, Motorola’s president and chief operating officer, said. Motorola shares rose $1.75 to close at $35 on the NYSE, off a March peak of $61.56.

* Cisco Systems Inc., the world’s largest provider of computer-networking products, agreed to buy IPmobile Inc. for $425 million in stock as it moves to develop products to help deliver high-speed Internet connections on wireless networks. Closely held IPmobile is testing software to help connect stations to the Web in so-called 3G, or third-generation networks, which will offer faster Internet services. It doesn’t yet have any revenue. Cisco shares fell $2.25 to close at $63.19 on Nasdaq.

* Also: Riverdeep Group, a Dublin, Ireland-based provider of children’s educational software over the Internet, agreed to buy Edmark Corp. from IBM Corp. for American depositary shares worth $85 million. IBM will end up with a 14% stake in Riverdeep.