Zacks Analyst Blog Highlights: Motorola, Nokia, Siemens, Google, and Adobe Systems Incorporated - Press Releases

For Immediate Release

Chicago, IL – November 17, 2010 – Zacks.com Analyst Blog features: Motorola Inc. (MOT), Nokia Corp. (NOK), Siemens AG (SI), Google Inc. (GOOG) and Adobe Systems Incorporated (ADBE).

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Here are highlights from Tuesday's Analyst Blog:

Motorola Splits in January 2011

Struggling mobile phone manufacturer Motorola Inc. (MOT) will split itself into two separate entities in January 2011. Previously, Motorola expected the split to be completed in the first quarter of 2011.

Motorola's spin-off has been in progress since early 2008. The company decided to split its Mobile Devices and Home Division as Motorola Mobility (which will sell mobile handsets and television set-top boxes) and the Enterprise Mobility Solutions and Networks businesses as Motorola Solutions (which will supply wireless technology to governments and enterprises).

Motorola has incurred losses of about $5 billion over the past three years, due to weakening sales. During third quarter 2010, Motorola had $8.99 billion in cash and investments. Total debt at the end of the quarter was $3.4 billion.

Motorola sold most of its telecom infrastructure businesses to Nokia Siemens Networks, a 50-50 joint venture between Nokia Corp. (NOK) and Siemens AG (SI), for $1.35 billion, which will help Nokia Siemens strengthen its network infrastructure business in the U.S. CDMA market.

In order to regain its market share, Motorola has been trying to slash expenses and develop new smartphones. Motorola launched Droid, Droid 2 and Droid X based on Google Inc.'s (GOOG) Android 2.2 operating system offering Adobe Systems Incorporated's (ADBE) Flash Player 10.1 software.

Motorola also introduced 22 new smartphones in the last quarter, namely, Bravo, Citrus, Defy, Droid Pro, Flipout, Flipside and Spice. All the devices are targeted at cost-conscious customers, with Droid Pro being the most prominent.

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ADOBE SYSTEMS (ADBE): Free Stock Analysis Report
 
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SIEMENS AG-ADR (SI): Free Stock Analysis Report
 
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