BIZ WATCH Jul 21, 1997

MOTOROLA IS NOW BACK IN ORBIT

When Paul Galvin entered the electronics business in 1928, he had a simple vision: mobile electronics. The first product, a car radio, gave the company its name, Motorola. For 70 years, from vacuum tubes to microchips, the firm has pursued that mission. And not without risk. For much of the past decade the company has been on a roller coaster, boosted by cell-phones, slammed by radios, skewered by foreign competition. But last week the firm announced earnings high enough to convince Wall Street that Motorola is back.

Credit CEO Chris Galvin, the founder's grandson,...

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