Motorola posts 10% sale slump

MOTOROLA INC, the world’s number two mobile telephone maker, reported second-quarter net income of $119 million.

Sales fell 10% as demand slumped in Asia and the company said sales in the current quarter may also drop.

Net income in the quarter was five cents a share, compared with a net loss of $2.32 billion, or $1.02 a share, in the year-earlier period when the company wrote down the value of some assets, Motorola said in a statement. Sales fell to $6.16 billion.