Cellphone Nation: Samsung's News, Motorola's Benefit
According to Reuters, Samsung is forecasting sales of 950 million handsets worldwide this year. The figure revises upward their previous number of 910 million, issued in July.
Motorola's RAZR phone is part of the reason handset sales are rising so fast. And, the news of increasing handset sales probably indicates that the company will have solid numbers the last two quarters of 2006. The company is already trading near its 52-week high of $24.99 up from the low of $18.66.
Motorola's numbers in its last reported quarter were spectacular. Revenue hit $10.5 billion and operating income jumped to $1.5 billion.
Wall St. should look for even better numbers ahead.
Douglas A. McIntyre can be reached at douglasamcintyre@gmail.com. He does not own securities in companies that he writes about.
Motorola's RAZR phone is part of the reason handset sales are rising so fast. And, the news of increasing handset sales probably indicates that the company will have solid numbers the last two quarters of 2006. The company is already trading near its 52-week high of $24.99 up from the low of $18.66.
Motorola's numbers in its last reported quarter were spectacular. Revenue hit $10.5 billion and operating income jumped to $1.5 billion.
Wall St. should look for even better numbers ahead.
Douglas A. McIntyre can be reached at douglasamcintyre@gmail.com. He does not own securities in companies that he writes about.
posted by douglas mcintyre at 5:59 AM
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