Citigroup Analyst: Big on Motorola, Android

Citigroup analyst Jim Suva said in a note Monday 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 (MOT), 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 (RIMM) and Palm (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.

Comments

[JamesApple:]

This Christmas and New Year season is poised to be all-Apple. Apple is likely to sweep the blackberrys in capturing Verizon subscribers forcing Verizon to promote Motorola Droid in order to stem the bleeding of businesses to ATT. Droid would stand to gain market shares from Rim blackberrys picking up subscribers who do not switch to ATT but are no longer satisfied with Rim blackberrys.

Nov 02 03:38 PM

[Wireless Wiz:]

More unsubstantiated garbage.


On Nov 02 03:38 PM JamesApple wrote:

> This Christmas and New Year season is poised to be all-Apple. Apple
> is likely to sweep the blackberrys in capturing Verizon subscribers
> forcing Verizon to promote Motorola Droid in order to stem the bleeding
> of businesses to ATT. Droid would stand to gain market shares from
> Rim blackberrys picking up subscribers who do not switch to ATT but
> are no longer satisfied with Rim blackberrys.

Nov 02 05:17 PM

[iranewlander:]

It's the Halo effect, stupid. You pick up the phone, and you say,
"Halo, who's there?
"It's Apple calling.
"Okay, I'll be right there."
Irresistible.
wereport.com/

Nov 02 06:58 PM

[brewer:]

Or, Apple will finally give Verizon another shot at putting iPhone on their slow but ubiquitous network, and everyone suddenly realizes what junk the Droid is with no iTunes and no App Store, only taking pictures in the dark... Ohhh, infrared is the new iPhone 'Killer' App! LOL

Nov 03 10:42 AM