TheFly began warning in early December that poor performance at many of Motorola's (NYSE: MOT) supply chain partners -- Texas Instruments (NYSE: TXN) and National Semiconductor (NYSE: NSM) -- was likely a sign that Motorola might be set up for an earnings miss.Late last night Motorola warned revenue and earnings would be lower than estimates. Our take: wait for the market to become oversold and more evidence that the Fed is about to lower rates and then jump in. The next growth phase in wireless will be data and Motorola is well-positioned to participate in this space.
Motorola's miss was more due to a slowing economy and a transition from the mature voice business to data. Motorola, as a company, is in pretty good shape to participate in this transition to wireless data.
When investors' fear picks up due to a slowing economy, jump back into this stock.
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