- In an interview, Motorola Solutions Inc (NYSE:MSI) CEO Greg Brown told CNBC that demand for the company’s public safety and enterprise security products has never been stronger.
- Brown indicated strong business despite concerns of a slowing global economy, saying a major upgrade cycle is underway.
- “What we do is a need to have, not a nice to have. This is the strongest demand environment I’ve ever seen,” said Brown.
- Also read: 3 Ways Motorola Solutions Stock Could Cross $300.
- Brown told Jim Cramer there’s a private-network radio upgrade cycle that will boost the company’s business in the coming years.
- “Those radios refresh every seven years. And we’re in the first or second inning radio refresh here in North America — so New York, Chicago, Las Vegas, L.A., they’re Motorola,” Brown said.
- “The demand is the best, record backlog. The funding is the best, and the innovation coming out of this company and the acquisitions we’re making, there’s a lot of room to run,” Brown added.
- Price Action: MSI shares closed at $244.17 on Thursday.
- Photo via Wikimedia Commons
If You Invested $100 In Netflix When It Debuted Streaming 16 Years Ago, Here’s How Much You’d Have Now
Netflix Inc (NASDAQ: NFLX) introduced its streaming service to deliver content directly to personal computers on Jan.16, 2007. This was 16 years ago — a moment that could be construed as a tectonic shift in the company’s fortunes.
