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Motorola aims to speed cash conversion rate:CFO

Fri Sep 7, 2007 1:05pm EDT

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NEW YORK, Sept 7 (Reuters) - Motorola Inc (MOT.N) aims to help improve operating profit margins by reducing the amount of time it takes to convert investments in product production into cash flow, its chief financial officer said on Friday.

Finance chief Tom Meredith said the company was looking to reduce its cash conversion cycle to 25 days from 50 days in order to improve its cash flow.

Speaking at the company's analyst day here, he said an improvement of just one day would equate to an $85 million increase in cash flow.



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