Advertisement
News
Advertisement

Analyst: Motorola’s Q4 smartphone launch 'on track'

Tue, 08/18/2009 - 8:10am
The Associated Press

NEW YORK (AP) – Motorola Inc.'s smartphone launch remains on track for the fourth quarter, Oppenheimer analyst Ittai Kidron said in a note to investors Monday.

In July, co-CEO Sanjay Jha said that by the holiday season, Motorola would have two phones using Google Inc.'s Android operating software on sale through two U.S. carriers and multiple carriers overseas.

The analyst said he believes Europe will be a bigger focus for Motorola's upcoming smartphone launches. He added that the company "is convinced it can offer a differentiated Android experience, and carrier feedback has been positive."

"While [the fourth quarter] is a key barometer to evaluate Motorola's chances at succeeding as a smartphone vendor, 2010's the real benchmark as it broadens its smartphone portfolio further," Kidron wrote.

The analyst, who rates Motorola "Outperform," added that it seems investors are taking a "wait and see" approach to the company before considering next steps.

Shares of the Schaumburg, Ill.-based company slid 19 cents, or 2.6 percent, to $7.07 on Monday afternoon amid a broader market decline.

More Broadband Direct 08/18/09:
•  Rogers kick-starts D3 in Toronto
•  Optimum Lightpath bows virtual private ring service
•  Suddenlink reaches 250,000 phone milestone
•  Sprint launches 4G in 3 new markets
•  ADB playing convergence card at IBC
•  ActiveVideo jumps in CI+ pool at IBC
•  Sharp decline in Q2 broadband net additions
•  Qwest issues notice to wireless customers
•  Analyst: Motorola's Q4 smartphone launch 'on track'
•  Agilent posts better-than-expected Q3 results
•  Broadband Briefs for 08/18/09

 

Advertisement

Share This Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading