MOTOROLA HEADED FOR BAD DAY

Loading...
Symbols:
Authors:
comments1
  • Positive ratings 0
  • Negative ratings 0
  • Net rating 0
Filter comments by:
Highest rated Latest comments
Or filter by symbol:

Latest Comments
1 Comment

    • Tue Jun 24th 17:08 PM
      |
      Rating: 0 0
      Commented on:
      Motorola: Dead Company Walking?
      I currently work for Motorola and am attempting to finish my MBA before the company folds. People need to realise that in order to set Mobile devices up as an independent comapany they would need $4 billion dollars from our sigma fund which currently sits at $7.7B to survive two years on its own. At the rate the company is going it may not be able to split Mobile Devices until JUN 09. At the rate they are going MD is lossing $400M a quarter and will lose another $400M at the end of this 2nd quarter. In 4 more quarters that adds up to a $2B loss counting end Q2 08. This will leave the company with only $5B in the sigma fund and if it has to give MD $4B to float for 2 years that will leave $1.7B for the rest of the company which does not work. The GPS and CHS devisions are profitable but only account for 50% of Motorola's overal sales. Their profit margins are also becomming less and less and can not float Mobile Devices. No more MD and you can kiss good bye to half the comapny.

      As for our Sr Managers, Directors, Excecs.... the only thing that they seem to care about is cutting cost... and instead of cutting the unproductive people that need to go .... they cut productive emplyees.....

      Can anyone say Alcatel Lucent??? This is what Motorola will be in 2 years.... ran into the ground by execs that had no clue and initialed a 11 Billion dollar stock buy back in 2005 instead of investing the money. They actaull spent 7.7Billion buying back stock when it was in the $20's a share.... and in DEC 07 I went to a town hall with our former CFO Tom Merrideth and he quote said that at $19 a share our stock was undervalued and he believed it was worth $40 a share and to tell your friends and family to by MOT stock" he was forced to resign the following month.... and by the way he got a big $$$ going away present.....
      View article »