BREAKING NEWS: Struggling vendor Motorola has reported a net profit in the second quarter despite a drop in revenue, sending its shares up 7.6 percent. Profit came in at US$26 million, compared with US$4 million in the same quarter a year earlier. Revenue fell 32 percent to US$5.5 billion. However, the profit was driven by one-time items, masking continued weakness companywide. More analysis tomorrow!