Motorola "outperform," estimates raised

01/16/08 - Cowen and Company

NEW YORK, January 16 (newratings.com) - Analyst Matthew Hoffman of Cowen & Co maintains his "outperform" rating on Motorola Inc (MOT), while raising his estimates for the company.

In a research note published this morning, the analyst mentions that the company's Mobile Devices segment is likely to have achieved profitability in 4Q07. The analyst adds, however, that Motorola could have lost market share during the quarter. The company’s 2H08 performance is likely to be boosted by the continuing restructuring process, Cowen & Co adds.