Motorola eliminates 4,800 jobs

Motorola, whose falling market share of cell phones has pushed it to No. 4 in the worldwide market, has more bad news to share, according to analysts and regulatory filings. The Schaumburg-based cell phone maker, which reported 66,000 employees at the start of the year, reported that another 4,800 jobs had been cut in the first nine months of 2008.

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