RBC Capital commented that Motorola's second quarter was a wash and the third quarter might be the same: For Q2, RBC has formally changed its expectations of units sold to 40 million, down from 46 million. RBC estimates that sales in Q3 will move 45 million units, as opposed to the consensus figure of about 47 million. Wall St. also claims that Icahn was once again talking up increasing his stake in the handset-maker by as much as double his current stake.
For more on Motorola's Q2:
- read this post on SeekingAlpha