November 2nd, 2009
Analyst: Big on Motorola, Android; no love for RIM, Palm
Citigroup analyst Jim Suva said in a note this morning what I’ve been saying for some time now - Google’s Android is going to be the “it” smartphone platform in 2010 while Palm’s WebOS and RIM’s Blackberry just don’t have the wow factor - for now - that it will take to compete in the smartphone wars.
Specifically, Suva was bullish on Motorola, which has placed its bets on Android for a turnaround of the struggling handset business. According to a post on the Tech Trader Daily blog, Suva sees Motorola putting some heat on the competition, including Apple’s iPhone. In his note, Suva wrote:
Motorola is launching of one of the most compelling offerings at [a] time when many investors have given up on the company’s handsets. The revolution of product and application service offerings is going to start to crack open the enterprise door and could pose a risk for BlackBerry. Major shifts in promotion support creating a promotion commotion in the months ahead of favor of Motorola and post a challenge for RIMM and PALM.
Suva raised his price target on Motorola and cut his targets for RIM and Palm. Shares of Motorola were up nearly five percent in mid-day trading while shares of Palm were mostly flat and shares of RIM were down more than five percent.
Related coverage:
Motorola bullish on Android, Motoblur rollout in 2010
Motorola’s big Android bet kicks off
Android opens doors for Google’s next-gen search, ads and tools
Motorola: Android device launches get us back in the smartphone game
Sam Diaz is a senior editor at ZDNet. See his full profile and disclosure of his industry affiliations.
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