As I mentioned in my Valentine's Day profile of Motorola
One reason for the Street's ongoing diss is certainly the company's cloudy outlook going forward. The fact that its Razr cell phone has skyrocketed in popularity hasn't been enough to outweigh concern over lost sales if Nextel
Yesterday, however, the company reported a deal that may start tipping the balance back toward the green side of Motorola's stock chart. In a joint press release, Motorola and cable giant Comcast
For Comcast, the deal is its biggest set-top buy ever -- even stretched out over the course of several years, as it is. For Motorola, it's a vote of confidence from one of its biggest customers -- one that, in fact, accounts for 30% of all sales made by Motorola's broadband communications division. And warm fuzzies aside, the money will also be nice.
While the announcement did not state this specifically, the deal probably also requires marking an X in the loss column for Motorola's DVR-manufacturing rival, Scientific-Atlanta
For more cable TV news, dial up:
- Stocks Fools Love: Motorola
- Scientific Facts
- Record Some Digital Profits
- Cablevision Changes Channels
- Comcast Hooks 'Em Up
Fool contributor Rich Smith owns shares of Motorola but has no position, short or long, in any other company mentioned above.