Motorola (MOT) Hits New Low As Nokia (NOK) Near 100 Million Unit Quarter

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By Douglas A. McIntyre Published
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Motorola (MOT) hit a new 52-week low today. And, at $16.73, it is no wonder. Nokia (NOK), the US company’s larger rival, is expected to say that it sold nearly 100 million handsets last quarter, well over twice what Motorola sold. According to MarketWatch, Nokia’s global market share could hit 39% for the quarter.

Word out of Korea is that Samsung, which is neck-and-neck with Motorola for second place in global handsets sales is reorganizing its business with the intention of " finding new sources of revenue, realigning businesses, cutting costs", according to Dow Jones Newswires.

Sounds like the industry is kicking Motorola while it is down.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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