Tuesday, August 5, 2008
Nortel: Another Day, Another Downgrade
Merrill Lynch telecom equipment analyst Vivek Arya cut his rating on Nortel today to Underperform from Neutral, and cut his price target to $7 from $8.50.
Thursday, July 31, 2008
Handset Market Grows 15 Percent in Q1; NOK Market Share 41.1-Percent
The global mobile handset market grew 15 percent in the second quarter to 297 million units, according to research firm Strategy Analytics.
Nokia (NOK) continued to dominate the market, with a 41.1-percent share, up from 40.9 percent in the first quarter, shipping 122 million phones.
Monday, July 28, 2008
Motorola Reorganizes Networking Arm; Prelude to Deals?
Motorola (MOT) has reorganized its home and networks mobility unit into three units, in a move that could be a prelude to the sale of one or more of the pieces, The Wall Street Journal reports.
Monday, July 21, 2008
Motorola: Get Ready for Another Grim Quarter
The Street is bracing for another grim quarter from Motorola (MOT) when the handset maker posts results on July 31.
Goldman Sachs’s Simona Jankowski this morning warned that the company is likely to miss consensus estimates for the quarter due to the continued weakness in its mobile devices business.
Thursday, June 26, 2008
Could Smart-Phone War Boost Sluggish Cell Market?
In a few weeks, the Apple faithful and other gadget mavens will line up as part of the mad rush to be among the first to buy the new 3G iPhone on July 11. Contrast that with the rest of the wireless business, where once-hot device makers such as Motorola Inc. cannot even give away many of their products.
Monday, June 23, 2008
Motorola Hits 5-Year Low; Piper Cuts Rating to Sell; Deutsche Bank Slashes Outlook for ’08 Handsets
Thing just keep getting worse for Motorola (MOT). Battered today by negative notes from several analysts, the stock is headed for its lowest close in 5 years. And it isn’t all the company’s fault: there are mounting concerns on the Street that expectations for the handset market in general for 2008 are simply too high.
Thursday, June 19, 2008
Motorola Under Pressure; Hints of Trouble From Foxconn
Motorola (MOT) shares continue to sink ever deeper into the mire.
The stock is getting whacked today, perhaps in part from some bearish commentary from the contract manufacturer Foxconn. According to Bloomberg, Foxconn Chairman Samuel Chin made some bearish comments following his company’s annual meeting today in Hong Kong.
Chin said that Motorola, Foxconn’s biggest customer in [...]
Friday, April 25, 2008
Motorola’s Loss Is Apple’s Gain: That $2.1 Billion Sucking Sound Is Coming From the iPhone
Razr anyone? Motorola can’t even give those things away anymore. The once-proud company reported horrible earnings today, with sales down 21% and a net loss of $194 million. But the big takeaway was the 39% collapse in its mobile phone business. Mobile device revenues in the quarter dropped $2.1 billion compared to last year.
Coincidentally enough, that is almost exactly how much Apple made last quarter over the past three quarters on iPhone sales. That figure comes to $2.3 billion (including lumped-in sales of Apple TVs, which likely made up a very small portion of that total).
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