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Electronics Production | July 09, 2007

Motorola to take $101 million charge in Q2

Motorola announced it will take a charge of $101 million in its second quarter.
The $101 million charge in the second quarter taken by Motorola is a result of massive lay-offs and restructuring costs.

The company announced in a press release that the total consists of $115 million in layoff-related charges and $14 million in reversals for prior-period accruals that it no longer needs.

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