Motorola (MOT): Shares cycle in bullish 'flag' formation

Filed under: Earnings reports, Motorola (MOT), Nokia Corp. (NOK), Technical Analysis, Stocks to Buy

Motorola (NYSE: MOT) provides technologies, products, and services for mobile and home communications. The company's Mobile Devices division offers wireless handsets, with integrated software and accessories. The Home and Networks Mobility segment makes set-top boxes, digital video recorders, cable modems, and network equipment used in video broadcasting, computer telephony, and high-definition television. The Enterprise Mobility unit provides radio, voice and data communication products for a range of enterprise markets. Nokia (NYSE: NOK) and Ericsson (NASDAQ: ERIC) are major competitors.

The firm pleased investors late last month, when it reported Q2 EPS of two cents and revenues of $8.08 billion. Analysts had been expecting a loss of three cents and $7.69 billion. T