Seeking Alpha

The Wall St. Journal (sub. req.) has an article today on Motorola's (ticker: MOT) effort to expand upon the big success of its RAZR handset. Excerpts from fund managers quoted in the article and MOT's chart:

The evidence is that they are making things that people want to buy and that they have the technical expertise and the marketing flare to continue doing so," said John Carey, portfolio manager of the $7.3 billion Pioneer Fund. The Boston fund holds four million of Pioneer Investments' 8.8 million shares of Motorola...

Christopher Baggini, senior portfolio manager at the $257 million Gartmore Growth Fund in Conshohocken, Pa., which owns 400,000 shares of Motorola, said he is looking to the ['net enabled] SLVR to take off after the RAZR declines. "You are going to have a transition in the growth rates of the products, with the cresting of the RAZR, which has to happen since it's been doubling every quarter," he said. "If they are going to do this well, then Motorola can be a $30 stock in the next year."...

Cody Willard, a hedge-fund manager who bought Motorola when it was in the teens and trimmed a bit when it hit $23, is impressed by Motorola's ability to maintain higher handset prices than competitors. But he is skeptical about the large numbers in the handset industry. "There will be 800 million handsets sold in the world this year and there are only six billion people on the Earth," said Mr. Willard...

MOT 1-yr chart:

Source: WSJ: Motorola's Effort to Ride RAZR's Edge (MOT)