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Motorola stock dips on fears of 2Q weakness



By AP
21 July 2008 @ 07:08 pm EST

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Quotes
MOT 3.28 0.13
NOK 12.93 0.58

SYMBOL LOOKUP

LG Electronics reported Monday that its second-quarter profit surged 84 percent as South Korean company rang up record mobile phone sales. However, executives said they've started to experience a slowdown in orders this summer and warned they could dip further as consumers pinch off some of their spending on high-tech gadgets.

Motorola is scheduled to report its second-quarter financial results July 31.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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