Topics Mobile Tech News Monday, April 22

Headlines

Contact us


Site search:
complete archives list




Site Sponsors:


Don't forget AT&T and Verizon promo codes at Sidepon.com to save money.


Motorola Sees 1st Half Slack Growth in Handheld Unit
Posted: 12-Jan-2001 [Source: Bloomberg]

[Motorola cutting expenses as it tries to keep up with the competition--Nokia.]

by John Stebbins -- "Motorola Inc., the No. 2 cellular-phone maker, said slack growth in handset sales will persist for as long as six months, after fourth-quarter orders in the unit fell 20 percent and profit dropped.

"Company executives said on a conference call that they expect total first-quarter sales to be little changed at $8.8 billion. Though that target is in line with current forecasts, some analysts had thought Motorola might cut its estimates. Motorola shares rose 94 cents to $22.13.

"We were expecting nothing positive on the call, and they delivered," said David Katz, chief investment officer at Matrix Asset Advisors Inc., which owns 371,000 Motorola shares.

"The drop in cell-phone orders is an indication that sales may fall in coming months. As growth in the mobile-phone market slows, Motorola is trying to cut production expenses to stem declining profit and help it compete with rival Nokia Oyj. The company also said first-quarter sales and operating margins in its semiconductor business will fall from a year earlier.

More...

Back to Headlines...

Apple Watch Apple Watch

iPhone 6 and iPhone 6 Plus iPhone 6 and iPhone 6 Plus

Amazon Fire Amazon Fire

Samsung Z - Tizen Samsung Z - Tizen

LG G3 LG G3

HTC One mini 2 HTC One mini 2

OnePlus One OnePlus One

HTC One (M8) HTC One (M8)

Samsung Gear 2 Tizen Watch Samsung Gear 2 Tizen Watch

HP VoiceTab HP VoiceTab

T200 octa-core T200 octa-core

Nokia 2520 Tablet Nokia 2520 Tablet

Samsung Galaxy Round Samsung Galaxy Round

BlackBerry Z30 BlackBerry Z30

iPhone 5S and iPhone 5C iPhone 5S and iPhone 5C

Samsung Galaxy Mega Samsung Galaxy Mega

Sony SmartWatch 2 Sony SmartWatch 2

iOS 7 iOS 7

Jolla Jolla

BlackBerry Z10 BlackBerry Z10

Galaxy S 4 Galaxy S 4

Galaxy Note 8.0 Galaxy Note 8.0

Ubuntu on Tablets Ubuntu on Tablets

LG Optimus G Pro L-04E LG Optimus G Pro L-04E

Firefox OS Firefox OS

Sony Zperia Z Sony Zperia Z



 

Valid HTML 4.1!

RSS © 1999-2019 Traques LLC
All times recorded in UTC
webmaster@MobileTechNews.com