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Byline: James P. Miller
CHICAGO _ Motorola Inc., citing improvement in some key product lines, reported third-quarter earnings on Monday that solidly topped Wall Street's expectations.
The stronger-than-anticipated sales and operating profit are "indicators of positive momentum" at the struggling high-tech giant, contended Chief Executive Officer Christopher B. Galvin.
The Schaumburg, Ill., company has been wrestling with a number of difficult issues, however, and Wall Street has adopted a wait-and-see attitude. In New York Stock Exchange trading Monday, Motorola shares inched up 8 cents, to close at $13.87.
Despite the "decent results," Morningstar analyst Todd Bernier said he doesn't …