(Company corrects paragraphs one and two operating profit margin target to 16 to 17 percent range instead of 15 to 16 percent range)
* Expects to sustain 2010 operating margins in 2011
* Sees 2010 revenue growth in mid-single-digit range
* Shares down 1.6 pct
NEW YORK, Sept 7 (Reuters) - Motorola Inc MOT.N expects its enterprise unit to continue achieving operating profit margins of 16 percent to 17 percent in 2011, according to co-Chief Executive Greg Brown.
Brown also repeated Motorola’s operating profit target of 16 percent to 17 percent for the unit for 2010 and said that “broadly speaking they’re sustainable going into 2011.”
Brown also backed Motorola’s previously announced target for 2010 revenue growth in the mid-single-digit percentage range for the unit, which is being separated from the rest of Motorola in the first quarter of 2011.
Brown will head the new entity, Motorola Solutions, while co-CEO Sanjay Jha will run the mobile devices business.
Motorola shares were down 1.6 percent at $7.81 on New York Stock Exchange. (Reporting by Sinead Carew; Editing by Steve Orlofsky)
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