For more information contact, Todd M. Pitcher, Senior Technology Analyst of Hampton Porter Investment Bankers, 800-545-3345.
MOT knocked down to 32 on upgrade with target of 58:
Friday June 23, 11:46 am Eastern Time
Company Press Release
SOURCE: Hampton Porter Investment Bankers
Hampton Porter Investment Bankers Initiates Coverage of Motorola, Inc. with STRONG BUY rating (MOT - 33 3/4)
SAN DIEGO, June 23 /PRNewswire/ -- The following is being issued by Hampton Porter Investment Bankers, a member of the National Association of Securities Dealers, CRD number 42949:
Comments:
-- Motorola (NYSE: MOT - news) should see significant margin expansion through
2000 and moving forward.
-- The outlook for wireless infrastructure is extremely positive and
Motorola is experiencing a ramp in sales volume in this space.
-- Motorola is extremely well positioned in the emerging enhanced
television market.
Investment Thesis:
Motorola continues to benefit from increased sales and lower costs due to recent restructuring. We anticipate this trend to continue. The company is poised to exploit significant growth trends in the wireless infrastructure, broadband, enhanced television, and semiconductor markets and should see their top line revenue growth impacted positively as a consequence. Based on Motorola's increasing leadership position across these industries, we are giving Motorola a 12-month valuation of 55x forward earnings, or $58 and a Strong Buy Rating.
For more information contact, Todd M. Pitcher, Senior Technology Analyst of Hampton Porter Investment Bankers, 800-545-3345.
SOURCE: Hampton Porter Investment Bankers |
