Kurz zusmmengefaßt:

Umsatz: 7,8 Mrd. $ (Vorjahresquartel 8,8 Mrd.)
Verlust pro Aktie: 9 Cents (Analysten Schätzung 7 Cents) also GROTTENSCHLECHT!

Bin jetzt zu müde. Die Wellen spulen sich so oder so ab. Hier der Text:

SCHAUMBURG, Ill.--(BUSINESS WIRE)--April 10, 2001--Motorola, Inc. (NYSE:MOT -
news) today reported sales of $7.8 billion in the first quarter of 2001. For ongoing operations,
this is a decrease of 11 percent from $8.8 billion a year earlier. Including pro forma
adjustments, the company incurred a loss of $206 million, or (9) cents per share, compared with earnings of $481 million, or 21
cents per share a year ago.

Robert L. Growney, president and chief operating officer, said, ``Although cash flow from businesses, including net proceeds from
investments, was positive in the first quarter, this quarter was a difficult one. Order growth weakened across all of the company's
business segments. We believe this change in customer requirements is part of a major global pattern affecting many technology
companies. In response to this environment, substantial cost-reduction activities continue. Additionally, important positive progress
was made on key aspects of our balance sheet.''

In the first quarter of 2001, Motorola reported pro forma adjustments resulting in a net charge of $279 million pre-tax, or 15 cents
per share after-tax. Charges were incurred primarily relating to various cost-reduction activities and product portfolio changes, that
were partially offset by gains from sales of investments.

In the first quarter of 2000, the company reported pro forma adjustments resulting in a net charge of $39 million pre-tax, or 1 cent
per share after-tax, which was largely comprised of $100 million of costs associated with the merger and integration of General
Instrument, offset primarily by gains from sales of investments and the sale of a business.

Excluding pro forma adjustments, the first-quarter 2001 loss was $533 million or (24) cents per share compared with earnings of
$448 million or 20 cents per share in the first quarter of 2000.


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>Christopher B. Galvin, chairman and chief executive officer, said,"We see a continuing downturn in the U.S. economy beginning to spill over to the rest of the world. The high-tech sector, which has been hard hit, is already in a recession. These issues, plus interest rate policy or energy prices, cannot be controlled by Motorola.



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>>Christopher B. Galvin, chairman and chief executive officer, said,"We see a continuing downturn in the U.S. economy beginning to spill over to the rest of the world. The high-tech sector, which has been hard hit, is already in a recession. These issues, plus interest rate policy or energy prices, cannot be controlled by Motorola.

Hi,

Zum Spillover-Effekt meinte Friedman doch das:

"Now, if there's any country in
which the deflation scenario is possible, it's Japan right now.

BRIMELOW Do you see that spilling over?

FRIEDMAN Of course, but it's not a major spillover. And I don't think it'll
happen in Japan."

Und der MOT-Chef sagt das:

"We see a continuing downturn in the U.S. economy beginning to spill over to the rest of the world...."

Besten Dank für Dein aufmerksames Lektorieren. Jetzt wissen wir also auch über den Spillover bestens Bescheid. Entweder Friedman hat sich geirrt (Australien hat der japanische Spillover schon voll erwischt, u.a.) oder der MOT-Chef verzapft dummes Zeugs.

Und was lernen wir daraus? Oder wie oder was?

Und jetzt "the rest of the world" - na, bravo!

Eben.

Gruß

d.

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