Filed under: Motorola (MOT), Newsletters, Stocks to Buy

“One company that I think could turn around in 2008 is Motorola (NYSE: MOT),” says wireless industry expert Nikhil Hutheesing.

The editor of The Forbes Wireless Stock Watch explains, “Motorola, which until recently was the second largest cell phone manufacturer after Nokia, ran into enormous problems this past year.” Here, he reviews the company’s troubles and his reasons for expecting better times ahead.

“While under chief executive officer, Ed Zander, Motorola came out with its new RAZR line-a huge hit. But hits only last so long and Zander was unable to deliver an encore performance. The financial situation became worse and in July of this year, the company reported that second quarter sales were about $8.6 billion, down from an expected $9.4 billion.

“In addition, the company said that continuing operations had a loss of 2% to 4% per share. But the worst news was that the cell phone business was not expected to be profitable in 2007 and Zander had led many analysts to expect that it would be.

Continue reading Forbes expert rings up Motorola (MOT)

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