Motorola: Good News, Bad News
Motorola Inc. may have taken the air out of the telecom equipment industry's recovery hopes when it talked about slower growth in the fourth-quarter - after posting slightly better-than-expected third-quarter profits and a 26% sales increase. The company said it expects to boost its share of the wireless phone market with the introduction of 17 new devices that hit the shelves this quarter.
Some more encouraging news came from Lucent Technologies, which had strong third-quarter results on strong wireless sales. The quarter marks the fifth consecutive profitable one for Lucent, and its first profitable year since 2000.
Next up (apparently) is Nortel Networks Corp., which is expected to release its third-quarter results later this month - likely on October 27th when it posts its bi-weekly update to the Ontario Securities Commission.
