Motorola surprised Wall Street Thursday by reporting a small profit and steady market share in its beleaguered handset business for the second quarter of 2008.
The key to Motorola's success for the quarter was cost-cutting and strong performance from businesses other than its handset division. As a result, the company was able to squeak out a $4 million profit, or less than 1 cent a share, which helped turn the tide on a year-long trend of losses. Motorola had actually forecast that it would lose about 2 cents a share.
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