The Information Technology 100
Under CEO Ed Zander, who joined the company in January, 2003, Motorola has gone on a tear. The first quarter marked the fifth consecutive one for which the world's No. 2 phonemaker reported sales and earnings growth. Most of the success can be attributed to a dynamite performance from the company's bread-and-butter wireless-phone division.
Motorola appears to have overcome its execution woes to introduce the coolest cell phone on the market, the sleek Razr. Sales of the new product and several others helped the company's phone shipments rise 13% in the quarter, to 28.7 million. The jump boosted the company's worldwide market share to 17.1%, the highest level since late 2002. And Wall Street is cheering, lifting Motorola shares 20%, from $15 at the beginning of March, to $18.13 on June 7. Finally, Motorola's numbers are ringing true.
|Return on Equity||17.5%|
|CORPORATE WEB SITE|
All figures are for the most recent available 12 months.
* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.
Data provided by Standard & Poor's Compustat, BusinessWeek
Related BW Stories