Hit to Motorola Solutions sales

City A.M. Reporter
MOTOROLA Solutions, known for its walkie-talkies, yesterday cut its 2013 sales forecast for the second time in three months and said business customers continued to delay purchases.

Shares of the company, which depends on government spending for most of its revenue, closed down 6.57 per cent in New York. Motorola spun off its cellphone arm into Motorola Mobility in January 2011 and renamed itself Motorola Solutions.