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To: Les H who wrote (11870)	9/26/2003 4:06:01 PM
From: manny t	Respond to of 95531

MOT recovers from losses, WASHINGTON (CBS.MW) - A top Motorola executive on Friday said the handset maker is "well positioned" to boost sales of wireless phones during the upcoming holiday season, contradicting reports of a delay in the rollout of new camera phones. Free! Sign up here to receive our SiteWatcher e-Newsletter! INFORMATION FOR MOT: Create an alert for MOT Add MOT to my portfolio More cool charts on MOT Discuss MOT NEWS FOR MOT Motorola 'well positioned' for holiday Stocks weaken in late trade Motorola may lead late trade as camera phones delayed More news for MOT Quote & News Charts Financials Analysts Options SEC Filings TRACK THESE TOPICS My Portfolio Alerts Company: Motorola, Inc. Add Create Get Breaking News sent directly to your inbox Create A Portfolio \| Create An Alert Chief Financial Officer Mike Zafirovski said in a statement that Motorola plans to ship 31 new phones during the third and fourth quarters, including 12 phones with cameras built in and 21 phones with color screens. He also reiterated that Motorola expects phone sales to jump 20 percent in the third quarter compared with the prior quarter. Fourth-quarter profit is also expected to improve, Zafirovski said. While he acknowledged that an unspecified number of handsets face "some variation" in the timing of their release, Zafirovski said Motorola is working closely with phone carriers to meet the needs of customers. Still, it's unclear if the phones will ship in time for wireless carriers to include them in special holiday sales packages. The company's statement, issued late Friday, enabled Motorola stock to recover most of its earlier losses. The stock had fallen as much as 5 percent amid news reports that the new camera phones won't reach the market in time for the Christmas shopping season, the industry's busiest time of year. In late Friday action, Motorola (MOT: news, chart, profile) was down 7 cents at $12.46. A week ago, Chief Executive Christopher Galvin announced that he will resign as head of the company founded by his grandfather. Zafirovski is considered a candidate to replace him. Motorola has lagged well behind rivals in introducing cell phones with built-in cameras. The company's failure illustrates part of the reason why Galvin is resigning under pressure from the board and shareholders. Unlike its rivals, Motorola failed to gauge the popularity of camera phones or to market them successfully. More than 26 million have been shipped worldwide, all of them by competitors. Still, some analysts question whether the phones are just a novelty. Most users snap a lot of photos when they first get the camera phones, but usage drops off quickly. The quality is of the photos is not as good as a regular camera and it can cost a small fee to send a photo. Nonetheless, market research firms predict that millions of additional camera phones will be shipped over the next few years, giving an edge to handset makers that offer an array of choices to consumers. Jeffry Bartash is a reporter for CBS.MarketWatch.com in Washington.