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Media Talk

Motorola Finally Getting Some Respect

Beginning with the first quarter of 2004, Motorola (MOT) has reported five consecutive quarterly earnings reports that have matched or exceeded Wall Street estimates. Unfortunately, MOT shareholders have gone largely unrewarded for this impressive string of results as Wall Street has failed to embrace MOT’s turnaround despite mounting evidence. Following last week’s better than expected earnings report, it appears that the reward may finally be at hand because MOT management reinforced perceptions of its turnaround by providing a forecast for the current quarter that exceeded current Wall Street consensus. It was this fact that appeared to win Wall Street over and led to a 7% jump in MOT shares last Thursday. I think MOT shares have another 15% in gains ahead

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