Smart Turnaround: Motorola Set to Launch 10 Smartphones in 2009

April 30, 2009

FierceWireless’s recent post proves not to judge a company solely on its devastating revenue and sales reports. According to the post, Motorola has plans to launch up to 10 smartphones in the second half of 2009. A research note by Oppenheimer & Co. analyst Ittai Kidron spurred the rumor, posted on Forbes. “With sentiment at an all-time low and investors’ attention lost, we believe Motorola warrants another look,” wrote Kidron. “Given limited downside to the stock, we’re bullish on Motorola.”

Kidron further wrote that Wall Street had basically written off Moto’s flailing handset division’s recovery odds and underestimated the speed and results of cost-cutting actions. The most exciting news revealed by Kidron is that Moto is amplifying its handset production.

Motorola’s shares have had recent gains, not-withstanding the still lingering foul stench of financial woes including a 70% revenue drop over the past two years and 7,000 job cuts in the past six months.

Looking for a preview? EngadgetMobile.com has the picture, perhaps literally. EngadgetMobile.com has posted a nice touch screen phone carrying the moniker “Touch ZINE HD,” but no confirmations. This unit is rumored to be a gadget-lover’s dream featuring 1080p video playback via HDMI, Android, Tegra, a 5 megapixel Kodak camera with HD video, and 16 GB of storage. Got you drooling yet?

Posted By Russ · In Industry 

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