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.

Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: John Biddle who wrote (30869)	1/7/2003 10:50:59 PM
From: John Biddle	Read Replies (1) \| Respond to of 197300

UPDATE - Motorola sees global handset market up 8-10 pct Reuters, Tuesday January 7, 10:38 pm ET biz.yahoo.com SHANGHAI, Jan 8 (Reuters) - Motorola Inc (NYSE:MOT - News), the world's second-largest mobile phone maker, expects the global handset market to pick up this year and industry sales to grow eight to 10 percent, its president said on Wednesday. Mike Zafirovski, Motorola's president and chief operating officer, also said all of the company's business divisions would be profitable in 2003. "We do expect a growth some place in eight to 10 percent," Zafirovski told Reuters in an interview, when asked about his industry outlook for 2003. "It's safe to say all six businesses would be both cash flow and profit generating in 2003," he added. Motorola reported a third quarter net profit in October, ending six straight quarters of net losses. It has trimmed its fourth quarter earnings estimate to 10 cents a share before one-time items, from 14 cents previously. Zafirovski said industry-wide mobile phone sales were 390 million in 2002. Analysts estimate handset sales had inched up 1.8 percent last year, versus a decline of about three to four percent in 2001 after years of runaway growth. Motorola's forecast for 2003 handset sales was in line with predictions by rivals such as Nokia (NOK1V.HE). Zafirovski also said Motorola was no longer talking to Siemens AG (XETRA:SIEGn.DE - News). Analysts and industry sources had speculated the two were discussing a sale of Motorola's previously loss-making network division, or an alliance. "We're not having discussions with Siemens today," he said, when asked if Motorola would sell its network division to the German mobile giant. Siemens -- which has an agreement with Motorola to license its third-generation handsets -- said in October it was in talks with the U.S. wireless giant on cooperation and industry sources said a sale or deal was imminent. Motorola's wireless infrastructure business lost $1.4 billion in 2001. The firms shares closed at $9.69 on Tuesday in New York.