Motorola Mobility downgraded by analysts

Motorola Mobility has been among the front runners of Android, but despite the fact that it has released a couple of competitive Android devices, BMO Capital Markets analyst Tim Long downgraded the company from a “market perform” rating to an “underperform” rating. The analyst stressed that growing competition in the smartphone market will impact the company’s future results.
Initially, it was HTC and Moto competing in the Android market, but they've been joined by the other big names in the industry like Samsung, LG and Sony Ericsson. Long expects each of these to ship more phones than Motorola in this quarter. He also based his downgrade on the fact that Moto's lack of global reach is beco... »read more

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