Motorola looking towards a positive Q4 2007
By Will Park on Saturday, December 8th, 2007 at 8:34 PM PST In Announcements, Financial, Motorola
Sometimes a changing of the guard is exactly what the corporate-doctor ordered. With the recent announcement that CEO Ed Zander will be taking off on January 1st, and CTO Warrior’s abrupt resignation, Motorola (NYSE: MOT)’s future is starting to take on a shimmer - a profitable glow, if you will. Motorola has announced that they are expecting a positive fourth-quarter for 2007.
In an effort to calm investor worries over the recent management shake-up, Chief Financial Officer Tom Meredith confirmed operating revenues of 12 to 14 cents per share - which can be attributed to Motorola’s shift in focus from market-share growth to profitable growth. Nokia (NYSE: NOK) and Samsung have been eating away at Motorola’s market-share, and it seems that Motorola’s focus on making money rather than recapturing lost market-share has been a positive move.
Good for you, Moto. We’re looking forward to all those new handsets that you claimed were on the way for 2008.
[Via: Reuters]
