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Technology Stocks : IRID - Iridium World Communications IPO Announced! -- Ignore unavailable to you. Want to Upgrade?

To: Marty Rubin who wrote (2273)	8/4/1999 11:53:00 AM
From: Marty Rubin	Respond to of 2693

RESEARCH ALERT - Motorola <MOT.N> kept strong buy CHICAGO, Aug 4 (Reuters) - Gruntal & Co. LLC analyst Mona Eraiba on Wednesday repeated her strong buy rating on telecommunications and semi-conductor maker Motorola Inc., citing an upbeat meeting with analysts held on Tuesday. "The company is moving to a growth phase with tremendous potential driven by powerful digital wireless demand worldwide, convergence of technology in wireless and wireline, in addition to a beginning of a new cycle in semiconductors," Eraiba wrote in a research note. Eraiba maintained her earnings per share estimates of $2.25 for 1999 and $3.60 for 2000 and repeated a strong buy rating on Schaumburg, Ill.-based Motorola. The analyst also said she expected fallout from Motorola's investment in satellite phone maker Iridium LLC <IRID.O> to be "...at worst, neutral to operations." "Motorola is well-positioned with strong renewed product line, new philosophy, and a lean cost structure," the analyst wrote. Shares of Motorola were up 1/2 at 91-1/4. 10:38 08-04-99 Copyright 1999 Reuters Limited.