Motorola had to spread its resources over too many areas. By moving away from the semiconductor business, it can spend more on research and development and also make its earnings stream more smooth.
More Quotes from Sunil Reddy:
I think Cisco's body language is going to be positive. In general, IT spending is expected to get better, ... I like where the economy is headed and that's going to benefit tech companies like Cisco.Sunil Reddy
This tells you how strong the company is. You see that Microsoft is holding its own, even in this tough environment.
Sunil Reddy
Overall I'd categorize the number as generally in line. The guidance was slightly off, but it's nothing to get too alarmed or too excited about.
Sunil Reddy
I don't plan on making money in tech through MA. Investors should look for tech stocks with good valuations and good organic growth.
Sunil Reddy
This is not new news but it carries a lot of weight coming from Chambers. The message is that things are not getting worse.
Sunil Reddy
Companies are cautious and are slowly increasing information technology investments. It's not going gangbusters, just steady.
Sunil Reddy
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