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Technology Stocks : Motorola (MOT)

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From: Eric L4/25/2011 11:32:04 AM
   of 3436
 
Motorola Mobility Earnings on Thursday ...

>> Motorola Mobility to issue first-quarter 2011 earnings results on April 28

April 25, 2011

ec.6g.sl.pt

Motorola Mobility, Inc. (NYSE: MMI) will issue its first-quarter 2011 earnings results at approximately 3:00 p.m. U.S. Central Time on Thursday, April 28. Motorola Mobility will host its quarterly conference call with financial analysts at 4:00 p.m. U.S. Central Time on April 28. The conference call will be webcast live with audio and slides at investors.motorola.com. A replay of the conference call will be available at investors.motorola.com approximately three hours after the call has been completed. ###

>> Motorola Mobility Shares Drooping Ahead of Earnings

Dave Kansas
WSJ Market Beat Blog
April 25, 2011

blogs.wsj.com

Motorola Mobility reports results Thursday, and it is not getting a warm greeting from analysts ahead of that call. It’s shares are down about 4% today at just under 24.

Bernstein Research says this morning that it expects an “in-line” report, boosted by some solid smartphone news out of Europe. But Bernstein says it is “worried that the feature phone business could show signs of weakness.” Bernstein expects “small initial shipment” news for the Xoom tablet.

The X factor? Guidance. “Guidance remains a great unknown for us and we expect the stock to move sharply on it” in either direction.

“We recommend to stay away from MMI this quarter, and to wait for more clarity before taking a position. We recognize the stock is potentially at attractive valuation levels but we remain worried by the lack of visibility on where the company could land on a 2-3 year horizon.”

Global Equities Research in California has a starker view. It titles a report this morning “Motorola survivability risks have grown.”

The firm argues that MMI’s “competitive fixation on Apple and Research in Motion is out of place.” In addition, its store surveys show minimal pick-up on Xoom and a crystallizing view on smartphones: folks want an iPhone or something cheap and reliable.

Intriguingly, Global Equities says MMI should not try so hard to innovate in the phone space (that would be the Apple/RIMM fixation), but should use its strong patent portfolio to “selectively attack” other Android-driven phone makers who are currently producing cheaper products.

Should be an interesting report on Thursday. ###

MMI now trading at ~$23.9x down from its $3.54.January 52 week high and relatively close to its $22.73 52 week low.

- Eric -
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