New York Post

Motorola had better dial 911

- By CARLETON ENGLISH

Andrew Left has found yet another company whose stock he thinks will get walloped by President Trump.

The activist short-seller behind Citron Research attacked Motorola Solutions in a report Tuesday, charging that the company’s profits are mostly derived from selling overpriced handsets to emergency first responders in the US.

Citing Trump’s campaign promise to bid “virtually every facet of our government,” Left said the days of Motorola’s near-monopoly status with US first responders are numbered.

As evidence of price-gouging in the US, Left said that Motorola’s prices in the European Union are a fifth of what they are domestical­ly.

With a mix of government scrutiny and increased competitio­n, Motorola’s profits could fall by nearly 40 percent and its stock, recently trading at around $82, could fall to $45, Left said. Motorola contested Left’s claims on Tuesday. “Citron has made numerous false and misleading statements, and we strongly disagree with the assertions made by this short-seller,” Motorola said.

The company maintained that it has been successful in getting government contracts in a “robust competitiv­e bidding processes” because its products are the “most reliable.” Motorola shares fell 5.4 percent, to $77.34, Tuesday.

Left also says pharmacy-benefit manager Express Scripts and aerospace company Transdigm could be hurt by Trump’s policies.

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