Motorola loses $397M in Q3, plans switch to Android

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Motorola plunged to a US$397 million loss in the third quarter, unable to control costs to match its declining revenue. The company announced plans to cut costs by $800 million in 2009, but has postponed plans to sell its loss-making mobile devices division until 2010. Instead, it will revamp its product line to focus on phones running software from Google and Microsoft.

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