Motorola stock takes beating

Dec 10 2004 - 01:28 PM ET | Rumor
Mobile Market Watch Motorola stock took a beating after the proposed Sprint/Nextel merger rumor hit the wires yesterday (just after market closing, during afterhours trading). Stock in the company (Ticker: NXTL) - Down .17% * Sprint (FON) - Down .58% * Qualcomm (QCOM) - Down .3% * Verizon (VZ) - Down .97% (Ed. note: Verizon Wireless would be in a close race for the #2 largest carrier title with the new Sprint/Nextel company.) Update: Story updated to reflect market closing prices and quote from Motorola's quarterly SEC statement.