Motorola profit report depresses stock; investors counted on cellular line in weathering recession

Article Abstract:

A lowered 3rd qtr operating profit at Motorola Inc, together with fears about a possible recession, caused Motorola's stock to fall $7 in heavy trading, closing at $52.75. The decline translates into a loss of $950 million from the company's market value. According to one industry analyst, reduced earnings in Motorola's cellular telephone business are unacceptable to investors because investors had counted on the cellular telephone business with its high growth rate to bolster stock prices. Some Motorola watchers, referring to high outlays on research, say the company has simply been investing in its future. Such a point of view highlights a common conflict between investors and large-growth companies such as Motorola: company executives often profess to manage for the long term, but investors tend to react to short-term realities.

Radiotelephone communications, Communications Equipment, Profits, Telecommunications equipment industry, Telecommunications equipment, Securities, Electronics industry, Cellular telephone equipment industry, Electronic Industry, Cellular Radio, Third Quarter, Profit, company profile

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Contest over HDTV standard nears end

Article Abstract:

The US Federal Communications Commission (FCC) is in the final stages of determining a standard for high-definition television (HDTV). Industry analysts note that the stakes are high and US industry will have much to win if one of the US companies competing gains acceptance. The FCC, which is expected to make a final decision in 1993, is testing standards developed by six teams. Two have already tested and the rest are expected to finish testing by Jun 1992. Observers say that the team composed of Zenith Electronic Corp and AT and T is the team to beat; their system is digital, unlike the analog competition from the Japanese, and has more features than any other standard. European companies have invested in the project but have disagreed about how to proceed.

Television broadcasting stations, Regulation, admin. of utilities, Research, Laws, regulations and rules, Television broadcasting industry, United States. Federal Communications Commission, Standard, Standardization, Testing, Science and technology policy, International competition (Economics), Tests, Digital communications, High-definition television, High definition television, Government Regulation, Japanese Competition, Digital Communication

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Motorola on the move; the company is pushing a 77-satellite cellular system that would serve remote areas around the world

Article Abstract:

Motorola Inc pushes a 77-satellite cellular system that allows users to connect with callers from around the world. Motorola seeks foreign investors to help develop this wireless communications system and foreign government licenses to control the frequencies these low-orbiting satellites will use. The estimated cost to consumers will be $3,000 for a telephone, $50 a month charge and $3 a minute to use. Motorola plans to have two demonstration satellites launched by 1992 and the entire 77-satellite system in place by 1996. The system will allow people to be reached in faraway and remote places, such as deserts and the high seas, with the use of Iridium where local, ground-based cellular systems and telephone lines are not available.

COMMUNICATION, Planning, Usage, Telecommunications services industry, Telecommunications industry, Satellite communications, Artificial satellites, Satellites (Spacecraft), Trends

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