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For the financial analysis I selected Motorola and Nokia The two companies control a dominant share of the cellular handset market Successful competition in the cellular equipment industry requires companies that can plan for change identify their worldwide position and recognize trends in their financial results and in the tastes of their customers Company Overviews Motorola founded in 1928 was originally known as Galvin Manufacturing Corporation after its founder Paul V Galvin Motorola 2004 The companys first product was a battery eliminator and has proven for over 75 years that it is a global leader in wireless and broadband technologies In the 1930s Paul Galvin created the Motorola brand name for the companys new car radio The name linked the word motor with the suffix ola meaning sound Motorola 2004 After its initial public offering in 1943 Galvin Manufacturing Corporation was renamed Motorola Inc in 1947 The company currently holds the largest market share among handset manufacturers in the United States and China but lags with only six percent of the market in Europe Rose 2003 In addition to mobile phone handsets Motorola also manufactures a wide range of licensed and unlicensed band wireless radios for use with data law enforcement and emergency services communication Nokia named for a small village on the river Em in southern Finland where it was founded began as a wood pulp mill in 1865 The company originally the Finnish Rubber Works began using the Nokia brand in the 1920s The company expanded into electronics with the purchase of Finnish Cable Works after World War II drove up the demand for power transmission and telecommunications networks The Cable Works division formally established an electronics division in 1960 The modern-day Nokia was formed in 1967 when the separate divisions combined to form a single public company Nokia Group Nokia 2004 Unlike Motorola whose financial results rely on a range of products other than handsets Nokia focuses on supplying mobile telephones accessories
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