Skip navigation

LATEST TECHNOLOGY VIDEO


Current DateTime: 03:17:31 26 Nov 2009
LinksList Documentid: 19836971
Expiration DateTime: 11/26/2009 3:18:11 AM
    • TCS' Government Services Focus 

        Tata Consultancy Services has inked a multi-billion dollar outsourcing deal with Singapore's People's Association. Girija Pande, its executive VP & Asia Pacific head, tells Paul Donovan of UBS, CNBC's Martin Soong & Karen Tso more about this push into the public sector.

    • The First Word on AOL 

        Time Warner is spinning off its troubled child, Internet company AOL. Ross Sandler, analyst at RBC Capital Markets, takes a closer look.

powered by digg
Motorola Sees Gains at RIM's Expense
Published: Monday, 2 Nov 2009 | 1:25 PM ET
Text Size
By: AP

Motorola Corp. [MOT  Loading...      ()   ] shares gained Monday and BlackBerry maker Research in Motion Ltd. [RIMM  Loading...      ()   ] declined after Citi Investments Research predicted that Motorola and others could break the BlackBerry's grip on the corporate cell phone market.

Motorola
Motorola, Inc.

"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," Citi analyst Jim Suva told investors in a note.

He cut RIM two notches to "Sell" from "Buy" and raised Motorola to "Buy" from "Hold."

Suva sees three trends that may allow Motorola to find openings: More companies are allowing workers to choose their own work phones. More phones allow companies to control rules and programs related to work while leaving non-work functions and information alone. And marketing hype is likely to shift away from BlackBerry as Verizon Wireless [VZ  Loading...      ()   ] pushes Motorola's new Droid phone and other devices.

Verizon introduced the Droid last week and it goes on sale Friday for about $200. The new phone is part of a turnaround effort at Motorola that centers on smart phones powered by Google Inc.'s [GOOG  Loading...      ()   ] Android operating system.

The marketing attention focused on the Droid and other Android phones is also likely to hurt Palm Inc. [PALM  Loading...      ()   ], Suva said. The company is pinning its own turnaround hopes on its Palm Pre smart phone. Suva cut the company's rating to "Sell" from "Hold."

Motorola rose 40 cents, or 4.7 percent, to $8.97 in midday trading, while RIM fell $3.16, or 5.4 percent, to $55.57.

Palm shares were up 9 cents to $11.70.

© 2009 CNBC.com
Add This share icon
Text Size
  • digg share

CNBC HIGHLIGHTS

  • For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
  • Eric Schmidt pledges to create a virtual copy of the Iraq National Museum at Google’s expense.
  • Bill Griffeth is taking a leave of absence from CNBC and Power Lunch for a year. Here's a message from Bill.
  • More shoppers than ever plan to comparison-shop this season. Who will benefit?
  • It may be the most unusual guide to business you'll read.
  • Cut Credit cards
  • How can you get out of debt and back on the road to recovery? Follow these ten steps.
ADD COMMENTS
Remaining characters


Current DateTime: 01:44:15 26 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:08:07 26 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 01:01:07 26 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:04:08 26 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters