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In addition, inventories of flat-panel displays have built up, and they have quite a large exposure to cellular handsets.
Once connected to a phone and a broadband Internet connection, the router can be programmed to recognize three phone numbers, including those of cellular handsets.
We found valuations to have been stretched in three main areas: cellular handsets, companies reliant on Internet advertising and companies involved in personal computers.
Cellular telephones are taking off because of soaring demand around the world, with more than 274 million cellular handsets sold last year.
Reprints Related items Cellular handsets: The local touchMar 6th 2003At the very least, Motorola and Nokia failed to do their homework on Mr Uzan.
The Sony Corporation said today that weakening worldwide sales of electronics products and costs arising from a large recall of cellular handsets caused it to lose 30.1 billion yen, or $243 million, in the first quarter.
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Microsoft has already moved into the cellular handset realm with its Windows Mobile software, and Google is rumored to be working on a Google phone.
Although it has not publicly announced that it will be a competitor in the market for cellular phone software, Google is widely expected to introduce its own version of the "software stack" for cellular handset makers early next year.
Some analysts said they were worried that tighter margins in the cellphone unit and stiff competition in lower to middle tier cellular handset market could upset the company's noteworthy turnaround in the last few years.
It's also worth noting that the main BDT banker on the potential transaction is Don McLellan, who formerly led mergers and acquisitions at Motorola, giving him experience with the cellular handset industry.
Lacking any evidence to the contrary, each analyst who follows Motorola tends to see Mr. Breen as a likely advocate of his or her favorite strategic move, whether it is selling the semiconductor operations, quitting the cellular handset business or acquiring a large competitor in markets where profits have been sagging.
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