Zacks Analyst Blog Highlights: Motorola Mobility Holdings, Polycom, Apple, Research In Motion and Jabil Circuit

Mar 24, 2011, 09:30 ET from Zacks Investment Research, Inc.

CHICAGO, March 24, 2011 /PRNewswire/ -- Analyst Blog features: Motorola Mobility Holdings, Inc. (NYSE: MMI), Polycom, Inc. (Nasdaq: PLCM), Apple Inc (Nasdaq: AAPL), Research In Motion Ltd. (Nasdaq: RIMM) and Jabil Circuit Inc. (NYSE: JBL).


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Here are highlights from Wednesday's Analyst Blog:

Motorola Upgrades Service

A leading mobile phone manufacturer, Motorola Mobility Holdings, Inc. (NYSE: MMI) plans to enter into a joint venture with Polycom, Inc. (Nasdaq: PLCM) in order to provide high definition (HD) video conference solutions on MOTOROLA XOOM tablets. The venture will kick off in the middle of the year.

One of the essential features of Motorola's XOOM tablet is the video communication service. This service facilitates communication between different users located in different places. Such service will mainly help the corporate clients for enhancing managerial efficiency, cost reduction and time management.

Motorola plans to provide such services in a better manner in order to stay one step ahead of Apple Inc's (Nasdaq: AAPL) iPads and Research In Motion Ltd. (Nasdaq: RIMM) PlayBook.

The relationship with Polycom will allow Motorola to access more than two million virtual communication solution providers available in the market. The service to be offered by Polycom to Motorola mobile users are at no extra network configuration.

Polycom, Inc. is one of the leading virtual communications solutions provider, which offers telepresence, video, voice and infrastructure solutions built on open standards. It was one of the first companies to provide high definition (HD) video conference solutions to the clients.

Motorola Mobility is gradually regaining its lost ground in the lucrative U.S. smartphone market. The recent acquisition of privately held Zecter will enhance Motorola Mobility's innovative capacity with synchronization and streaming technologies for on-demand mobile digital contents. However, rapidly changing technology, stiff competition from other tablets like Apple Inc's  iPads and Samsung's Galaxy Tab will act as headwinds for the stock in the coming years.

Jabil Beats, Shares Soar

Shares of electronic parts manufacturer, Jabil Circuit Inc. (NYSE: JBL) surged $1.93 (10.20%) to $20.86 in after-hours trading, following the release of the company's second quarter 2011 results.


Jabil reported pro forma earnings of 45 cents per share, beating the Zacks Consensus Estimate by a penny. Pro forma earnings include stock-based compensation expenses but exclude one-time charges of 20 cents

Earnings (excluding stock-based compensation and one-time charges) were 54 cents per share, up 86.0% year over year from 29 cents reported in the prior-year quarter. This was better than management's guided range of 49 cents to 53 cents. Earnings on a GAAP basis were 25 cents, up 78.9% year over year from 14 cents reported in the year-earlier quarter.

The strong results were driven by solid top-line growth in the quarter and expanding operating margins based on lower cost of operations.

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