Word: motorolas
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...MOTOROLA IS NOW BACK IN ORBIT...
When Paul Galvin entered the electronics business in 1928, he had a simple vision: mobile electronics. The first product, a car radio, gave the company its name, Motorola. For 70 years, from vacuum tubes to microchips, the firm has pursued that mission. And not without risk. For much of the past decade the company has been on a roller coaster, boosted by cell-phones, slammed by radios, skewered by foreign competition. But last week the firm announced earnings high enough to convince Wall Street that Motorola is back...
Credit CEO Chris Galvin, the founder's grandson, who re-engineered the company. Motorola still has some vulnerability. The firm counts on tech-heavy businesses that may tank if spending by telecom firms softens. But Galvin has convinced Wall Street that he can keep revenues growing. Motorola stock hit a new high of $86 last week, and investors snapped up $800 million worth of bonds for Iridium, an ambitious Motorola-backed satellite project. Now that's mobile electronics. Grandpa would surely approve...
...come cheap. The market for their skills is tight. Kodak's George Fisher got a two-year contract extension and 2 million stock options earlier this year when word leaked that he was under consideration for a job as president of AT&T. Kodak had poached Fisher from Motorola. Companies that choose to cut options grants will end up paying more in some other form of compensation, or losing their...
Ironically, the world's last communist power largely relies on the FORTUNE 500 to advance its economic agenda. Whenever Congress considers China's MFN status, such companies as Lockheed Martin, Motorola, Intel, General Motors and IBM lobby on China's side. For Boeing, the stakes could not be higher: Beijing is expected to spend $124 billion on new planes over the next 20 years, making it the world's fastest-growing airline market. "When the U.S.-China relationship goes in the tank, so do our order books," says Boeing spokesman Thomas Tripp...