Bloomberg reported yesterday that the two way radio division for Motorola had a really good quarter. They raised profit 23% to $403 million and sales gained 4% to $2 billion. As I’ve reported before, the MOTOTRBO is a huge reason for the success of this division.
The two way radio division has been Motorola’s bread and butter since the company was formed. Unfortunately, they got caught up on low margin consumer electronics, and lost their way for a while. Motorola had a hit with the Razr, but quickly lost their edge (no pun intended) when the iPhone and other phones hit the market.
At $5.37, Motorola’s stock can only go up. I’m buy no means a stock analyst, but feel that it’s a good buy.