Motorola continued deterioration in the handset business and the impact it has on the company’s ability to generate cash. “Effecting a turnaround in the near term will remain a challenge for the company in light of their difficulties in developing a broad portfolio of phones including 3G and low-end offerings as well as ongoing changes in Motorola’s senior management ranks. This company will possibly turn this down-turn around with division sell offs and wholesale changes. During this bad phase the stock is cheap and beaten down. This provides an opportunity for stock piling this stock and long term options.

Corning (GLW) posts $0.44 (excluding special item), vs. $0.40 first quarter EPS on 24% sales rise. Current results exclude a non-cash credit of $327 million pretax, after-tax related to the pending Pittsburgh Corning Corporation bankruptcy proceeding. Sees $0.47-$0.50 second quarter EPS (excluding special item) on $1.71-$1.75 billion sales. S&P maintains strong buy. Corning makes the glass LCD screens for TVs. The earnings report shows a huge market for these screens. The lower dollar makes Corning a good buy for International TV manufacturers.

I have been buying options calls on Corning GLW. I am trying to catch the upturn in this stock before Jun 08.
Talk on Wall Street is that this stock will break out in 08, possible double up.