1.78%XLF 20.53 6.48%QQQQ 45.97 2.38%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
NEW YORK (AP) - Motorola shares' performance will remain weak, a Thomas Weisel analyst said, as the company divides itself and struggles with weak handset sales.
| MOT | 7.33 |  0.23 |
Analyst Matthew Sheerin downgraded the stock to "Market Weight" from "Overweight" Monday and reduced his price target to $11 per share from $18. The Chicago company reported first-quarter results Thursday, taking a larger-than-expected loss and posting lower revenue, as cell phone sales continued to be weak.
Motorola Inc. is splitting into two companies, a process Sheering said will be lengthy and may last for a few quarters. He added that the mobile device business is losing market share, and it is becoming less likely that the unit will post significant profits again.
Motorola shares lost 4 cents at $9.20 in premarket trading. They closed at $9.24 on Friday.
The week started with the oil markets focused on the bombast surrounding the Iranian nuclear situation and a fall in the dollar sending oil to a ...
On July 7th Carl Icahn issues a letter to the board of Yahoo. The following is the letter in full. <hr>
A decision by Britain's anti-corruption agency to halt an inquiry into a lucrative arms deal between Saudi Arabia and BAE Systems PLC reached Bri...
Professional Website Design For Corporate - Get a Free Quote Today
Partners  
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
