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

|By:, SA News Editor

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.