Barron's, Citigroup bet on a comeback for Motorola - Elizabeth Harrow

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Barron's, Citigroup bet on a comeback for Motorola
Nov 02, 2009 04:20 PM UTC

Elizabeth Harrow

Return	Risk
+27.33%	LOW

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RIMM	n/a
MOT	n/a

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Filed under: Analyst reports, Analyst upgrades and downgrades, Products and services, Competitive strategy, Google (GOOG), Motorola (MOT), Research in Motion (RIMM), Options

An article in Barron's suggests that Motorola (NYSE: MOT) is on the verge of regaining some of its former mojo. The company recently offered a solid outlook for the remainder of the year, and it could garner new business after debuting two smartphones featuring Google's (NASDAQ: GOOG) Android operating system -- namely, the Droid and the Cliq.

The author cites analyst Ed Snyder of Charter Equity Research, who believes Motorola is on the cusp of "an extended upswing in handsets ... over the next several quarters." Snyder believes that the firm's ailing handset division could achieve break-even results as soon as the second quarter of 2010.

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Barron's, Citigroup bet on a comeback for Motorola originally appeared on BloggingStocks on Mon, 02 Nov 2009 11:20:00 EST. Please see our terms for use of feeds.

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