Wall St. is expecting Motorola (NYSE: MOT) to sell about 32 million handsets this quarter. Oppenheimer has cut its rating on the company to "perform" from "outperform" and says that unit sales will probably be closer to 28 million.
The news would seem to make Motorola’s most difficult situation worse. It has been trying to shop the handset unit for several weeks. The most likely buyers, which would include Samsung, LG, and Sony Ericsson, don’t seem to have any interest.
Without any buyers for the division, if Motorola misses forecasts for Q1, the stock could easily fall below its 52-week low of $9.43.
Douglas A. McIntyre
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.