Now that’s a good stock market. Responding to Motorola Chief Financial Officer Meredith’s announcement that Moto will be on-track for a positive Q4 2007, the company’s shares saw a bit of a boost on the stock market. With the ouster of CEO Zander and the recent departure of CTO Warrior, we’re sure CFO Meredith (tired of the three-letter acronyms yet?) is still happy to have a job. Moto shares saw a 2.4% rise to $16.12 in afternoon trading. It seems traders and investors are liking what they heard and are starting to put their trust into the once-giant mobile phone manufacturer.
The market can be a cold mistress in times of distress, but as soon as things get nice and rosy you can be sure that mistress will pamper you with financial blessings. Good for you Moto! We’ve supported you for long enough. It’s time to go out there and try to get your game back.
[Via: Yahoo]