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Motorola posts surprise profit

Motorola’s strategy may be starting to pay off as the company announced a surprise profit and topped forecasts for the first quarter. On Thursday, the company said it earned $69 million, or 3 cents per share, in the quarter. During the same quarter a year ago, it lost $231 million, or 13 cents per share. Analysts had expected Motorola to …

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Sprint improves, but still sees losses

Sprint Nextel’s road to recovery is paved with many potholes. The company did beat analysts’ expectations for the first quarter of 2010, but high-value customers continued to depart, albeit at a slower rate. And its financial losses in the first quarter widened. Sprint lost 578,000 postpaid customers who are on a contract and pay monthly bills. This beat expectations, as …

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