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Old 03-24-2007, 09:59 PM
3Gfreak
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Default Re: NEWS: Motorola cuts targets

On Mar 21, 7:28 pm, John Navas <spamfilt...@navasgroup.com> wrote:
> <http://news.bbc.co.uk/2/hi/business/6477847.stm>
>
> Mobile phone company Motorola surprised markets by saying it would
> post a loss in the first three months of this year and that lowered
> its revenue targets.
>
> It blamed poor handset sales and a tough pricing environment, adding
> that earnings for the whole of 2007 would be much lower than first
> forecast.
>
> The firm, which has been under pressure for a number of quarters,
> said its chief financial officer was leaving.
>
> Motorola added it would also speed up a share buy-back plan to
> bolster prices.
>
> "They're losing a ton of money in phones," said Edward Snyder, an
> analyst at Charter Equity Research.
>
> "They need to release a set of new phones designed for lower prices,
> they need to design lower priced phones that are designed to be
> profitable at a much lower price. And that's going to take about a
> year and half," he said.
>
> [MORE]
>
> --
> Best regards, SEE THE FAQ FOR CINGULAR WIRELESS AT
> John Navas <http://en.wikibooks.org/wiki/Cingular_Wireless_FAQ>


They will bounce back, they always do and besides they made (and still
do) so much money off of the RAZR that is is pathetic. I do agree that
other companies are surpassing them in functionality of phones. Their
user interface sucks and they Java applications are slow. Beef them up
and lets get the ball rolling.....Come on MOTO!!!

Cheers!
3GFreak
www.mobilevertigo.com


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