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Nomura Securities initiates coverage of Motorola (MOT) and Research in Motion (RIMM) with a...

Nomura Securities initiates coverage of Motorola (MOT) and Research in Motion (RIMM) with a Reduce rating and Neutral rating, respectively. In the smartphone wars, Nomura claims Motorola will be squeezed by Apple (AAPL) in the U.S. And RIM is losing market share rapidly, and probably will be hammered on margins, too.
Comments (1)
  • "RIM is losing market share rapidly" is a problematic statement.

     

    I continue to be bullish on RIM.

     

    They are getting a smaller piece of a significantly larger pie. Smartphone adoption is increasing in leaps and bounds, and when you look at RIM it would be a good idea to consider its revenue growth.

     

    Motorola I'm not so sure about, they bounce around a lot, and they've had some success this year with devices but I don't think they can or are sustaining momentum.
    2 Dec 2010, 02:08 PM Reply Like
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