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CHICAGO (AP) - Motorola shares sank to a two-year low Thursday as analysts said there was no immediate end in sight for the cell phone maker's financial problems. Analysts rushed to downgrade the company's stock one day after Motorola Inc. shuffled its top management and announced its first-quarter sales would fall more than $1 billion short of earlier projections.
"We believe it will take Motorola more than one year to turn around its handset business," Davenport & Co. analyst F. Drake Johnstone wrote in a research note.
The world's No. 2 cell phone maker said slumping sales in its cell-phone unit, which accounts for more than two-thirds of its sales, are largely to blame for is shortfall.
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