March 12, 2009 by Tap
Motorola shares gained 4.4% on Wednesday following a stock upgrade announcement by Oppenheimer & Co. analyst Ittai Kidron based, in part, on the company's plans to ramp up smartphone production in the second half of this year. According to the analyst, "checks indicate Motorola could launch as many as 10 new smartphone models in the second half of this year."
Motorola co-CEO Sanjay Jan has already confirmed (Motorola To Focus On Android In 2009) that they have plans to release Android-based smartphones, but 10 new phones seems quite ambitious, even if they are a mix of both Android and WinMo devices. That said, given Motorola’s financial woes of late and the fact that smartphones are the way forward, the company will want to make a serious play in the market. Let’s just hope that whatever they come up with is nothing like the MOTOQ.
Hopes of an Android-based phone launch by Motorola at this year's Mobile World Congress proved fruitless. Perhaps they’ll have something to show at CTIA Wireless next month.
Via: Yahoo Finance