“These results add to a long list of negative data points in wireless that have emerged in recent days, further confirming widespread softness in wireless.”
“While inventory levels rose in the first quarter, investors are likely to be encouraged that management increased its revenue guidance from the low 50s to the 50-60 percent range, with earnings per share guidance increasing by 2-to-5 cents.”
“Post close [Wednesday], wireless-value play Motorola delivered results broadly in line with expectations. Given a relatively low level of investor expectations, shares may trade positively.”
