This is why I am short. MMI, under Jha's leadership is destined to fail. People inside the company have told me that MMI is rudderless, and will sink soon. I shorted at $34 a share and will now ride the stock short all the way to zero. MMI will go the route of every other high tech failure led by incompetent leadership.
2) On the other side of the road this afternoon is Motorola (NYSE:MMI), leading all after hours losers (down 1.84%) after a patchy day on the open market as well, trading down 1.25% by closing time. The poor afternoon for Motorola is likely related to Q2 2011 finalized earnings that showed up some weak financials in the company. The stock has not fared well in recent weeks, currently trading just above a 52-week low of $22.13 which it bounced off today.