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Strategies & Market Trends : Gorilla and King Portfolio candidates - Moderated -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (2641)	11/6/2009 4:37:53 PM
From: DaYooper	Read Replies (1) \| Respond to of 2955

Hi Unq, About a week ago I watched a Mark Haynes CNBC interview of Sanjay's co-ceo and the guy said Sanjay's division had 30% of MOT's revenue and his division, wireless infra and radio devices (if I recall correctly) had 70% of their revenue. Rory

To: Uncle Frank who wrote (2641)	11/10/2009 9:07:30 AM
From: Eric L	Read Replies (1) \| Respond to of 2955

Riding Rotomola ... ... which I rode down but escaped with a small loss on the September spike. Uncle, << I picked up some MOT in hopes of finding a MoMo play. I'll give it a week or so and then write covered calls against the position. >> Good luck with that potential recovery play. My inclination is that the Mos have already been there, on the strength of Greg Brown restoring profitability (however small) to Moto in Q2 despite the handset division drag. Moto's close to a 52 week high ~$9 well recovered from its March low of $2,98 and very overvalued based on fundamentals. IMO. << Any idea of what % the Mobile Product division represents of Motorola's total? Better yet, how much of their 5.41 ttm loss is due to that division? >> >> Moto in Q3 (from Barclay's abstract): 3Q sales were slightly light at $5.45B as better revenues from EMS only partially offset lighter handset sales. Mobile Devices F3Q Snapshot =========================== Units: 13.6M, 4.7% market share vs. 5.4% in F2Q ASPs: $124, flat QoQ Revenues: $1.7B, down 7% QoQ and down 46% YoY -- ~31% of Moto revenue Operating Margin: -10.8% compared to -13.0% in F2Q and -9.5% in F3Q08 The geographical mix during the quarter remained roughly the same, though revenues into the EMEA region continue to decline. North America accounted for approximately 60% of sales (vs. 59% in 2Q), Latin America 24% of sales (vs. 22%), APAC 14% of sales (vs. 16%), and EMEA 2% of sales (vs. 3%). Home and Networks F3Q Snapshot ============================== Home Revenues: ~$0.9 billion, down 10% QoQ Networks: ~$1.1 billion, up 10% QoQ Home and Networks Revenue: $2.0 billion revenue, flat QoQ and -15% YoY -- ~37% of Moto revenue Home and Networks Operating Margin: 9.9%, vs. 10.2% in F2Q and 11.3% in F3Q08 Enterprise Mobility F3Q Snapshot ================================ Revenues: $1.8 billion, +5% QoQ, -13% YoY -- ~33% of Moto revenue Operating Margins: 17.3%, vs. 13.9% in F2Q and 20.2% in F3Q08 ### Moto has good global distribution and the success of their Android products on the global stage outside the Americas is going to be very important to Sanjay's division returning to at least break even. It's a tough nut. The North American smartphone scene is very crowded with Apple, RIM, and HTC products capturing a lot of attention and Samsung coming on. Globally Nokia remains very dominant and Nokia, RIM, Apple and HTC command over 80 percent of the market between them. For those that might be interested I just did posted Q3 2009 (and Q3 2008) unit sell-in and share estimate summaries from Canalys and IDC ... Message 26084407 - Eric -