NEW YORK (
stock has edged lower after its Enterprise Mobility Solutions (EMS) executives offered a cautiously optimistic view of 2010.
On Monday, the Motorola executives said at a Q&A session that Enterprise Mobility Solutions' top-line growth for 2010 should fall at the bottom of a 5% to 8% range increase, according to credit research company CreditSights.
EMS's biggest concern is its Western Europe market, which Motorola believes will be slower to recover, according to CreditSights.
The executives were less concerned about the U.S., which is being helped by government stimulus, but don't expect a spike in demand in the U.S., either.
CreditSights continues to rate Motorola stock and credit underweight, adding that the entry of
into the mobile phone space has complicated the recovery of mobile devices.
Motorola's EMS business designs, manufactures, sells, installs and services analog and digital two-way radios, voice and data communication products and systems for private networks, wireless broadband systems and end-to-end enterprise mobility solutions to government and public safety agencies, as well as retail, energy and utilities, transportation, manufacturing and other commercial customers, according to its Web site.
CreditSights says EMS contributed 32% of Motorola's third quarter 2009 revenue.
Motorola stock is down Tuesday by 1.6% at $7.60.
Other tech-communications stocks are also trading lower:
has lost 1% at $13.10, while
has fallen by 2.7% to $3.70.
stock has retreated by 1.1% to $24.30.
Google stock is down by 1.1% to $594.60
-- Reported by Andrea Tse in New York
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