Motorola (MOT) Expects North America To Be Tough
Motorola (MOT) may not do well in the rest of the world, but its sales in North America has been solid.
Investors probably can’t take the handset company’s performance in its home market for granted anymore.
The CEO at MOT today said that he expects to see “particularly rugged” competition in North America in the handset business in 2008 and into 2009 according to Reuters. The company’s shares dropped to $9.58, near their 52-week high.
It is surprising that they did not go lower.
Douglas A. McIntyre