Results make Motorola glad and AMD sad

Motorola took all the IT plaudits on the London Stock Exchange today when its share price rose on the back of better than expected results. In comparison, AMD's worse than expected earnings forced its price down.

Motorola reported second quarter earnings, excluding the charge totalled $268 million for the three months ended June 28, showed a 15 percent increase over the same period last year. Revenue grew 10 percent from $6.8 billion in 1996.

AMD has reported second quarter earnings of $9.96 million, or 7 cents a share, on revenue of $594.5 million, a 31 percent increase over the $455 million posted in the same quarter a year ago. Wall Street had forecast its earnings at 22 cents a share.