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Technology Stocks : Motorola (MOT) -- Ignore unavailable to you. Want to Upgrade?

To: Jack Hartmann who wrote (1755)	4/17/2000 11:01:00 PM
From: Jack Hartmann	Read Replies (1) \| Respond to of 3436

Motorola (MOT) 110 5/16 +1 5/16: Chase H&Q reiterates BUY rating saying poor margins in handsets is temporary and merely the result of poor product mix; expect product transition in June quarter to improve margins. Business remains strong; we consider the recent sell-off a buying opportunity. From briefing.com I agree it is a buying opportunity. Jack

To: Jack Hartmann who wrote (1755)	4/20/2000 12:41:00 AM
From: 2brasil	Respond to of 3436

cdma flying --Motorola announced the signature of an agreement to sell more than 1 million cellular mobile handsets to Telesp Celular, the largest wireless operator in the state of Sao Paulo. Silvio Stagni, Motorola's Director of Operations in Brazil, said "this is the largest sale of CDMA cellular handsets Motorola has closed so far in Brazil." The handsets will be WAP-enabled so that the user can browse the Web using the phone display screen.

To: Jack Hartmann who wrote (1755)	7/15/2000 12:36:40 PM
From: Jack Hartmann	Read Replies (2) \| Respond to of 3436

MOT CC notes Ed Ganz - IR - Sales 21.8% increased y2y. minus Iridium up 24.2% y2y - Latin America, Asia were highest growth regions. - Sales outside US 60% of total sales. - 91% increase in earnings - 23 cent from 13 cents year earnings vs 21 cent q2q - net margin 5.6% from 3.5%, and up from 5.1% q2q - manufacturing margin declines 40.5% of sales from 41.5% y2y - 1.1B in R&D expenses or 12.0% or sales in q2, 33% increase from last year, will continue to increase - G&A 1.39B for q2, 1.3B from a year ago - Fixed asset expense was 1.73B for q2 up 76% y2y - depreciation was 6.1% of sales or same y2y - 51% tax rates due to inprocess R&D due to acquisition not being deductible - Backlog up 24% y2y - Investments NXTL 6.2B, LVLT 5.5, BRCM 1.9. Down from q1 - Wireless phones sales unchanged q2q and sales up 25% y2y, 97% were digital products of phone sales dollars vs 88% y2y - digital unit phone sales up 11 q2q - GSM units up 65% and 9% q2q - CDMA products 30% y2y and 5% q2q - TMDA up 200% y2y and 35% q2q - Analog decreases 70% y2y - total wireless phone unit sales 40% y2y and flat vs. 1q. Decline of 10% in unit price per phone - paging product decrease due to lower sales - consumer radio increased y2y - I-Band up significantly - Terrestial infrastructure increased 35% y2y - Broadband up 23% y2y, most in IP networks systems and digital transmission systems, 80% of sales in NA. Foreign orders up 37% though - Semiconductor sales up 27% y2y and 5% q2q, expect 30% worldwide industry growth in 2000, and 25% in 2001. - Wireless group had higher orders Merle Gilmore - ExVP. Pres Communication group - 22% y2y sales growth - Expected worldwide industry cellular phone sales of 425-450M unit this year. - Shipping internet ready phone 10M in first half, 6M in q2 with MSFT browser, more than any one else - operating profit 4% up from 2% y2y - Lower tier wireless phone orders is being pursued - Orders down sequentially in Europe - component shortages continue to ease, no shortages in the second half - Shipping GSM phones in China - V8160 and V8162 are new CDMA phones. Ed Breen - pres of broadband communication sector - convergence of voice, video, and data is happening - Record second quarter $900M in orders, a 28% increase y2y - Interactive digital set top orders grew 50% y2y, cable indstry is deploying digital cable to respond to strong demand by the consumer for advanced entertainment services - Set top unit 50% growth rate y2y. 1.4M units shipped this quarter. Want 800M settop units shipped this year. Strong Latin America sales. - MOT networks passed more than 50% of TV in the US. - Cable modem shipped 650K units during the quarter, 300% y2y, and 30% q2q. MOT is supplier to ten largest cable operators. 40% of modems going overseas. 2000 should ship 3M units during the year. Will be able to make 4M next year. Bob Growney - COO - EPS 0.26 and 10B in sales for q3, $1.05 EPS for FY2000 - Financial analyst meeting Aug 1. Analyst Q&A - Europe orders were down y2y, but last year was excetionally strong. More of an order stabiliation. Backlog strong. - Inventory growth continue, increased in the cellular phone business. Some due to component shartages. Wasn't intended to see this grow. - Supplier of panel display reported flat sales (TFS hammered since it supplies MOT) Seeing a product transition in new products. May not use same vendor in new model. - Aspira still a couple of years out. Next generation architecture of wireless networks. NTTDocomo selected Aspira for thier IP trials. - Made up for Korea shortfall in rest of Asia - Low end CDMA handset unit now shipping. - Should see sequential rev growth in each of the segments in q3 - GSM proving successful in China. Good relationships with Great Wall and China Unicomm. If they switch to CDMA, MOT will be well positioned. - 95% of orders were new producs in the low tier segment vs. older products. - Asia seems to be strongest growth area now. - 3G orders nonexistent yet. Participating in many bids though. Most bids have significant vendor financing proposals. - Driving toward double digit margins by the end of the year. - Adjusting forecast for cellular sales down in the future. - Ceramic components, tantalum capacitors, were components in short supply. ****************************** Seems like analyst using CC to gain info for other companies like TFS, QCOM, NOK. Seems that there is a shift to get everyone in Europe and Asia to a cheaper handset with GSM vs. superior (more costly) CDMA handset technology. Internet phone technology is apparently a year behind PALM for ease of use and variety of application. Jack