Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (35618)	4/10/2001 6:04:13 PM
From: Dealer	Read Replies (1) \| Respond to of 65232

MOT -- Motorola loss wider than expected By Janet Haney, CBS.MarketWatch.com Last Update: 5:58 PM ET Apr 10, 2001 SCHAUMBURG, Ill. (CBS.MW) -- Motorola reported its first loss in more than 15 years Tuesday, reporting a first-quarter loss that was worse than expected, as sales fell 11 percent. FRONT PAGE NEWS The bulls invade Wall Street Record pace of rehiring laid-off managers Motorola miss pulls down tech Green light for the Fed Tepid U.S. economy unlikely to dent energy demand The company said that its pro forma loss was $206 million, or 9 cents per share. Analysts surveyed by First Call/Thomson Financial expected the Schaumburg, Ill.-based company would post a loss of 7 cents a share on sales of $7.97 billion. In the year earlier period, Motorola earned $481 million, or 21 cents per share. Sales in the quarter reached $7.8 billion, compared with $8.8 billion last year. Ahead of the news, Motorola (MOT: news, msgs, alerts) shares gained $1.50, or 13 percent, to $13. The stock, though, hit a low of $10.50 on April 6. "Order growth weakened across all of the company's business segments," said Robert L. Growney, president and chief operating officer, in a statement. "We believe this change in customer requirements is part of a major global pattern affecting many technology companies." Segment sales in the company's personal communications segment fell 29 percent to $2.3 billion, while orders dropped 10 percent to $2.8 billion. Furthermore, segment sales in its semiconductor products group decreased 22 percent to $1.5 billion, and orders fell 47 percent to $1.1 billion. Pink was the in color for telecommunications giant Motorola this winter, as the company handed out a whopping 22,000 pink slips to its fleet of 147,000 employees. See related story. Additionally, Dow Jones reported Tuesday that according to the Edinburgh Evening News, Motorola will close its mobile handset plant in Bathgate, Scotland. Such a move would affect 3,200 jobs, the report said. Late in the day, though, Motorola denied the potential job cuts and plant closing to Dow Jones, saying no decision had been made. Janet Haney is a reporter for CBS.MarketWatch.com in San Francisco.

To: Dealer who wrote (35618)	4/10/2001 6:10:16 PM
From: BirdDog	Respond to of 65232

Bow! Wow! Birddog! Bow Wow yurself! What's with this market??...... We're up today? Thank God...maybe I have some money. Oh no...forgot about that short. What's with Mot... What's with China??? Forget Mottin China! The natives aren't so friendly here when they find out you got no money. Ya little ole regular Tahition you. If I don't get outta here. I'm gonna be an ole regular Tahitian STEW! HotBirdDog