The question for Apple (Nasdaq:AAPL) as we go deeper into 2011 is whether or not they can keep the extraordinary momentum they have up. One event that could provide that would be if the Apple (Nasdaq:AAPL) iPhone ended up on the network of China Telecom (NYSE:CHA). Ticonderoga believes there's good possibility it will.
They said, "Is the Verizon Saga Finally Coming to an End? On Friday, Verizon Wireless (NYSE:VZ)(NR) announced plans to hold a press event tomorrow at 11:00 am ET and the Wall Street Journal reported that Verizon will announce that the iPhone is coming to its network with unlimited data-use by the end of January. A Verizon relationship has been on the minds of investors over the past couple of years and has heated up recently, however, it appears as if this saga may finally be coming to an end. Beyond a potential Verizon announcement, we eventually look forward to news surrounding the iPad 2, new MacBook Pro and 1QFY11 earnings (1/18/11), while further developments in China are possible.
"Both Networks are Similar in Size. As the exclusive carrier for Apple's iPhone, AT&T's (NYSE:T)(NR) dominance appears to be nearing an end. Verizon Wireless had 93.2 million wireless customers at the end of 3Q10 (86.7 million retail, 6.5 million reseller). By comparison, AT&T reported 92.8 million total wireless subscribers at the end of 3Q10.
"Verizon Could Activate 13 Million iPhone Users Over the Next Year. AT&T has activated 19.8 million iPhones over the past six quarters or an average of 3.3 million per quarter. During 3Q10, AT&T activated 5.2 million iPhones in light of the introduction of the iPhone 4. Since there have been many consumers holding out for a Verizon announcement, we believe it is reasonable to expect that both new buyers of the iPhone and upgrades from the iPhone 3GS currently on the AT&T network could move to Verizon. If we assume that Verizon Wireless is able to achieve similar performance to that of AT&T with an average of 3.3 million activations per quarter, this equates to 13.2 million iPhones over the next 12 months. As such, our projection of 61.4 million iPhone units in FY11 and 74.6 million units in FY12 are conservative and do not reflect Verizon. Also, an iPhone deal could eventually expand Verizon's agreement for the iPad beyond Wi-Fi/MiFi."
"Will China Telecom Follow Verizon? In the past, we have indicated that we believe China Telecom (NR) is likely to carry the iPhone shortly after a deal is struck with Verizon. With 88 million wireless subscribers on its CDMA network, China Telecom is nearly the size of Verizon."
"When will the iPad 2 and New MacBook Pro be Announced? We are just back from CES and 2011 was clearly the "year of the tablet". With Motorola (NYSE:MMI)(NR) prepared to launch the Xoom in February and dozens of others preparing for new tablet introductions, we believe Apple would be well suited to announce the iPad 2 before the end of January in an effort to persuade consumers to wait for the new iPad that we believe will be launched in March/April. Additionally, we believe Apple is in the process of refreshing its MacBook Pro line and an announcement could be in the cards."
Ticonderoga Securities maintains a "Buy" rating on Apple, which closed Monday at $342.45, up $6.33, or 1.88 percent. Ticonderoga has a price target of $450 on them.
Showing posts with label Motorola. Show all posts
Showing posts with label Motorola. Show all posts
Tuesday, January 11, 2011
Tuesday, January 4, 2011
FBR Talks Home Depot (NYSE:HD), Motorola (NYSE:MOT) "First Phone"
A number of investors have been wondering how the "First Phone" deal by Motorola (NYSE:MOT) with Home Depot (NYSE:HD) is working out.
FBR Capital responded saying, "Investors have asked about HD's Motorola "First Phone", the mobile handheld device unveiled to us officially at its 12/8 analyst day. We further discussed this initiative with corporate, and observers can witness this device being used in stores. There are 14 devices per store on average. These handhelds do not leave the premises (not functional outside of the store, for proprietary reasons). They also require a user code, with access permitted by authorized employees: store managers, department supervisors (there are 13 departments), District Managers and Regional Managers (RMMs). The device is versatile, with 6 primary functions: 1) phone, 2) walkie-talkie, 3) ordering device, thereby replacing the old mobile cart: aka “R2D2”, 4) mobile register (a la the Apple Store), 5) store "look-up" (locate product within the store, or another store location), and 6) real time financial and merchandising information for "store walks" by management: store, department and SKU level P&Ls. Formerly, many of these tasks were accomplished with a heavy paper trail and leveraged gut instinct of veteran managers. In terms of the mobile register, customers were checked out this past Black Friday for the first time using plastic cards (like gift cards) for pre- tallied receipts at the register. The next evolution is for receipts to be printed out using a supplemental mobile printer at the First Phone point of purchase. HD is in the process of executing the mobile register portion methodically, in order to manage loss prevention. It is expected to be more functional during this upcoming lawn and garden/outdoor season in 1H11E. The use of mobile devices in general is not new to other retailers, but it is for Home Depot, who in the past has lagged peers in technology. Marvin Ellison, EVP US Stores, has made the device a requirement, and we suspect that these types of initiatives, amongst other things, are helping to drive premium U.S. store comps for HD vs. its peer (6 of last 8 quarters)."
FBR has an "Outperform" rating on Home Depot, which was trading at $34.99, falling $0.33, or 0.92 percent, as of 12:02 PM EST.
FBR Capital responded saying, "Investors have asked about HD's Motorola "First Phone", the mobile handheld device unveiled to us officially at its 12/8 analyst day. We further discussed this initiative with corporate, and observers can witness this device being used in stores. There are 14 devices per store on average. These handhelds do not leave the premises (not functional outside of the store, for proprietary reasons). They also require a user code, with access permitted by authorized employees: store managers, department supervisors (there are 13 departments), District Managers and Regional Managers (RMMs). The device is versatile, with 6 primary functions: 1) phone, 2) walkie-talkie, 3) ordering device, thereby replacing the old mobile cart: aka “R2D2”, 4) mobile register (a la the Apple Store), 5) store "look-up" (locate product within the store, or another store location), and 6) real time financial and merchandising information for "store walks" by management: store, department and SKU level P&Ls. Formerly, many of these tasks were accomplished with a heavy paper trail and leveraged gut instinct of veteran managers. In terms of the mobile register, customers were checked out this past Black Friday for the first time using plastic cards (like gift cards) for pre- tallied receipts at the register. The next evolution is for receipts to be printed out using a supplemental mobile printer at the First Phone point of purchase. HD is in the process of executing the mobile register portion methodically, in order to manage loss prevention. It is expected to be more functional during this upcoming lawn and garden/outdoor season in 1H11E. The use of mobile devices in general is not new to other retailers, but it is for Home Depot, who in the past has lagged peers in technology. Marvin Ellison, EVP US Stores, has made the device a requirement, and we suspect that these types of initiatives, amongst other things, are helping to drive premium U.S. store comps for HD vs. its peer (6 of last 8 quarters)."
FBR has an "Outperform" rating on Home Depot, which was trading at $34.99, falling $0.33, or 0.92 percent, as of 12:02 PM EST.
Monday, January 3, 2011
Horizon Lines (NYSE:HRZ), Target (NYSE:TGT), AnnTaylor (NYSE:ANN), Goodrich Petroleum (NYSE:GDP), Regal Beloit (NYSE:RBC), Ingersoll-Rand (NYSE:IR), S
MKM Partners released their 9 Best Ideas for 2011, and they include Horizon Lines (NYSE:HRZ), Target (NYSE:TGT), AnnTaylor (NYSE:ANN), Goodrich Petroleum (NYSE:GDP), Regal Beloit (NYSE:RBC), Ingersoll-Rand (NYSE:IR), Scripps Networks (NYSE:SNI), Motorola (NYSE:MOT) and SolarWinds (NYSE:SWI)
Although they didn't include an individual company in their choices, MKM said their favorite sector is financial/banking, which they believe will double their current levels based on a steepening yield curve and recovering loan growth.
Horizon Lines was trading at $4.47, gaining $0.10, or 2.29 percent, as of 11:17 AM EST. Target was at $60.70, up $0.57, or 0.95 percent. AnnTaylor plunged to $25.77, losing $1.62, or 5.91 percent. Goodrich Petroleum $18.30, up $0.66, or 3.74 percent. Regal Beloit was at $68.32, gaining $1.56, or 2.34 percent. Ingersoll-Rand was trading at $47.54, up $0.45, or 0.96 percent. Scripps Networks was at $51.96, up $0.21, or 0.41 percent. SolarWinds was trading at $19.64, up $0.39, or 2.03 percent.
Although they didn't include an individual company in their choices, MKM said their favorite sector is financial/banking, which they believe will double their current levels based on a steepening yield curve and recovering loan growth.
Horizon Lines was trading at $4.47, gaining $0.10, or 2.29 percent, as of 11:17 AM EST. Target was at $60.70, up $0.57, or 0.95 percent. AnnTaylor plunged to $25.77, losing $1.62, or 5.91 percent. Goodrich Petroleum $18.30, up $0.66, or 3.74 percent. Regal Beloit was at $68.32, gaining $1.56, or 2.34 percent. Ingersoll-Rand was trading at $47.54, up $0.45, or 0.96 percent. Scripps Networks was at $51.96, up $0.21, or 0.41 percent. SolarWinds was trading at $19.64, up $0.39, or 2.03 percent.
Wednesday, December 29, 2010
Motorola's (NYSE:MOT) to Give Apple's (NASDAQ:AAPL) iPad its First Real Fight?
With virtually no significant competitors for Apple (NASDAQ:AAPL) concerning its iPad, the soon-to-be-released tablet from Motorola (NYSE:MOT) could be the first such entry in the segment to do so.
Global Equities analyst Trip Chowdhry said he thinks the new tablet from Motorola will run at quicker speeds because of the probability it'll be on the Long Term Evolution wireless network or the Verizon (NYSE:VZ) 4G.
The new tablet will be powered by Google's (NASDAQ:GOOG) Android 3.0.
Chowdhry also said he thinks the tablet will include NVIDIA Corp.'s (NASDAQ:NVDA) Tegra 2 chip, which should be a plus for the company.
He commented, “If you’re looking at Apple’s high-end devices, they all run off of Nvidia parts. I think the accomplishment that Nvidia has in the graphics area could provide a kind of crispness associated with the best user experiences."
Motorola was trading at $9.02, up $0.06, or 0.61 percent, as of 12:50 PM EST. Apple was at $325.87, gaining $0.40, or 0.12 percent.
Global Equities analyst Trip Chowdhry said he thinks the new tablet from Motorola will run at quicker speeds because of the probability it'll be on the Long Term Evolution wireless network or the Verizon (NYSE:VZ) 4G.
The new tablet will be powered by Google's (NASDAQ:GOOG) Android 3.0.
Chowdhry also said he thinks the tablet will include NVIDIA Corp.'s (NASDAQ:NVDA) Tegra 2 chip, which should be a plus for the company.
He commented, “If you’re looking at Apple’s high-end devices, they all run off of Nvidia parts. I think the accomplishment that Nvidia has in the graphics area could provide a kind of crispness associated with the best user experiences."
Motorola was trading at $9.02, up $0.06, or 0.61 percent, as of 12:50 PM EST. Apple was at $325.87, gaining $0.40, or 0.12 percent.
Wednesday, December 22, 2010
Verizon (NYSE:VZ) to Distribute Motorola (NYSE:MOT) 4G Phone
Verizon (NYSE:VZ) chief operating officer, John Stratton, announced in an interview that a Motorola Inc. (NYSE:MOT) smartphone is in the works to run on its new 4G network.
This is the first time Verizon has pointed out a specific smartphone developer in connection to the 4G network.
Stratton said, "We've got LTE smartphones on the horizon. Motorola will be right there."
LTE refers to the technology behind the network called Long-Term Evolution, which as a wireless connection alleges it can run as existing fiber optic technology or cable modems.
Verizon Communications President Lowell McAdam said at the Consumer Electronics Show in January there should be about 6 smartphones revealed which will run on the network, and will be ready for sale sometime in the first half of 2011.
Specifics of the Motorola device weren't revealed.
Verizon closed Tuesday at $34.94, up $0.20, or 0.58 percent. Motorola closed at $9.00, up $0.12, or 1.35 percent.
This is the first time Verizon has pointed out a specific smartphone developer in connection to the 4G network.
Stratton said, "We've got LTE smartphones on the horizon. Motorola will be right there."
LTE refers to the technology behind the network called Long-Term Evolution, which as a wireless connection alleges it can run as existing fiber optic technology or cable modems.
Verizon Communications President Lowell McAdam said at the Consumer Electronics Show in January there should be about 6 smartphones revealed which will run on the network, and will be ready for sale sometime in the first half of 2011.
Specifics of the Motorola device weren't revealed.
Verizon closed Tuesday at $34.94, up $0.20, or 0.58 percent. Motorola closed at $9.00, up $0.12, or 1.35 percent.
Monday, December 20, 2010
Motorola (NYSE:MOT) Good Short Term, MMI (NYSE:MI ) Undervalued Says Gleacher
Commenting on Motorola (NYSE:MOT) and MMI (NYSE:MI), which began trading "when issued" on Friday, Gleacher says they see the share price of Motorola as being strong in the immediate short term, and MMI as being undervalued.
Gleacher said, "MOT's separated stocks MSI (Motorola Solutions - the old EMS) and MMI (Motorola Mobility - Handsets and Home) began trading "when issued" on Friday with the official distribution slated for January 4, pre-open. The MOT stock will continue to trade until January 4. We continue to like MOT here and reiterate our $10 target. Based on Friday's close, we believe MMI is undervalued and MMS is fairly valued. Key points to consider: 1) Estimating $1.10 on $12.4bil for MMI (Handsets) and $2.37 on $7.9bil for MMS (EMS) for CY11. Our preliminary estimates are based on our current MOT segment model, with minor changes to overhead and interest income based on net cash for the separate entities. We expect $3.5bil of net cash for MMI following the split and $3.85bil for MMS, including $1.45bil from the NSN networks sale expected to close in Q1."
"2) MMI will be more volatile but offers more upside potential. Sanjay Jha's Handset/Home group will be more volatile, subject to the highly competitive but large and high-growth smartphone market. At $25, MMI investors get $11.79/share in cash ($3.5bil), $2.4bil or 0.3x sales for handsets, and $1.5bil or 7.6x earnings for MOT's Home group. We see $1.40-$1.75 in longer-term EPS power for MMI."
3) We recommend buying MMI at current levels. Our $10 target for MOT corresponds to a $31 target for MMI, based on 0.7x our CY11 sales estimate plus cash, or 17.5x our CY11 EPS estimate plus cash."
Gleacher maintains their "Buy" rating on Motorola, which was trading at $8.79, down $0.09, or 1.01 percent, as of 12:17 PM EST. They have a price target of $10 on them.
Gleacher said, "MOT's separated stocks MSI (Motorola Solutions - the old EMS) and MMI (Motorola Mobility - Handsets and Home) began trading "when issued" on Friday with the official distribution slated for January 4, pre-open. The MOT stock will continue to trade until January 4. We continue to like MOT here and reiterate our $10 target. Based on Friday's close, we believe MMI is undervalued and MMS is fairly valued. Key points to consider: 1) Estimating $1.10 on $12.4bil for MMI (Handsets) and $2.37 on $7.9bil for MMS (EMS) for CY11. Our preliminary estimates are based on our current MOT segment model, with minor changes to overhead and interest income based on net cash for the separate entities. We expect $3.5bil of net cash for MMI following the split and $3.85bil for MMS, including $1.45bil from the NSN networks sale expected to close in Q1."
"2) MMI will be more volatile but offers more upside potential. Sanjay Jha's Handset/Home group will be more volatile, subject to the highly competitive but large and high-growth smartphone market. At $25, MMI investors get $11.79/share in cash ($3.5bil), $2.4bil or 0.3x sales for handsets, and $1.5bil or 7.6x earnings for MOT's Home group. We see $1.40-$1.75 in longer-term EPS power for MMI."
3) We recommend buying MMI at current levels. Our $10 target for MOT corresponds to a $31 target for MMI, based on 0.7x our CY11 sales estimate plus cash, or 17.5x our CY11 EPS estimate plus cash."
Gleacher maintains their "Buy" rating on Motorola, which was trading at $8.79, down $0.09, or 1.01 percent, as of 12:17 PM EST. They have a price target of $10 on them.
Friday, December 17, 2010
Motorola (NYSE:MOT) Split Remains on Track, MMI Model Presented
The process of splitting into two companies by Motorola (NYSE:MOT) remains on track, says Canaccord Genuity, and they gave their model for MMI.
Canaccord said, "Motorola announced it will separate into two publicly traded entities on January 4, 2011, and we are encouraged this separation remains on track. We are introducing our standalone MMI model and also introducing our overall MOT 2012 estimates...As such, we are introducing our stand-alone MMI model with estimates through 2012. Based on the 8-for-1 stock split for MMI resulting in roughly 294M shares, we are introducing our 2011 pro forma EPS estimate of $1.24 and our 2012 estimate of $1.78...We have also updated our combined MOT model and are introducing our 2012 pro-forma EPS estimate of $0.63."
Canaccord Genuity maintains a "Hold" rating on Motorola (NYSE:MOT), which was trading at $8.86, down $0.02, or 0.17 percent, as of 12:14 PM EDT. Canaccord has a price target of $9 on them.
Canaccord said, "Motorola announced it will separate into two publicly traded entities on January 4, 2011, and we are encouraged this separation remains on track. We are introducing our standalone MMI model and also introducing our overall MOT 2012 estimates...As such, we are introducing our stand-alone MMI model with estimates through 2012. Based on the 8-for-1 stock split for MMI resulting in roughly 294M shares, we are introducing our 2011 pro forma EPS estimate of $1.24 and our 2012 estimate of $1.78...We have also updated our combined MOT model and are introducing our 2012 pro-forma EPS estimate of $0.63."
Canaccord Genuity maintains a "Hold" rating on Motorola (NYSE:MOT), which was trading at $8.86, down $0.02, or 0.17 percent, as of 12:14 PM EDT. Canaccord has a price target of $9 on them.
Thursday, December 16, 2010
Apple (Nasdaq:AAPL), Nokia (NYSE:NOK) Patent Battle Expands
Nokia (NYSE:NOK) has expanded the patent battle they're having with Apple (Nasdaq:AAPL), saying 13 more of their patents have been infringed upon by them.
Paul Melin, vice president of intellectual property at Nokia, said, "These actions add 13 further Nokia patents to the 24 already asserted against Apple in the U.S. International Trade Commission and the Delaware and Wisconsin Federal courts. The Nokia inventions protected by these patents include several which enable compelling user experiences. For example, using a wiping gesture on a touch screen to navigate content, or enabling access to constantly changing services with an on-device app store, both filed more than ten years before the launch of the iPhone."
An array of applications are included in the latest complaint be Nokia, including chipsets, integration of multiple radios, on-device application storage, messaging functionality, touch user interfaces and display illumination.
Apple is also engaged in patent battles with Google (Nasdaq:GOOG) and Motorola (NYSE:MOT).
Nokia was trading at $9.87, up $0.01, or 0.10 percent, as of 1:06 PM EST. Apple was at $322.44, up $2.08, or 0.65 percent. Google was up to $592.68, gaining $2.38, or 0.40 percent. Motorola was trading at $8.83, up $0.36, or 4.25 percent.
Paul Melin, vice president of intellectual property at Nokia, said, "These actions add 13 further Nokia patents to the 24 already asserted against Apple in the U.S. International Trade Commission and the Delaware and Wisconsin Federal courts. The Nokia inventions protected by these patents include several which enable compelling user experiences. For example, using a wiping gesture on a touch screen to navigate content, or enabling access to constantly changing services with an on-device app store, both filed more than ten years before the launch of the iPhone."
An array of applications are included in the latest complaint be Nokia, including chipsets, integration of multiple radios, on-device application storage, messaging functionality, touch user interfaces and display illumination.
Apple is also engaged in patent battles with Google (Nasdaq:GOOG) and Motorola (NYSE:MOT).
Nokia was trading at $9.87, up $0.01, or 0.10 percent, as of 1:06 PM EST. Apple was at $322.44, up $2.08, or 0.65 percent. Google was up to $592.68, gaining $2.38, or 0.40 percent. Motorola was trading at $8.83, up $0.36, or 4.25 percent.
Tuesday, December 14, 2010
Verizon (NYSE:VZ), QUALCOMM (Nasdaq:QCOM), RF Micro (Nasdaq:RFMD), Motorola (NYSE:MOT), Ericsson (Nasdaq:ERIC) Tops Gleacher's Smartphone Picks
Gleacher is wowed by their new Verizon's (NYSE:VZ) new 4G LTE data card, which they updated from the prior VZ EV-DO data card. They reiterated Verizon as their top choice in the smartphone sector, and also like QUALCOMM (Nasdaq:QCOM), RF Micro (Nasdaq:RFMD), Motorola (NYSE:MOT) and Ericsson (Nasdaq:ERIC).
Gleacher said, "We upgraded our VZ EV-DO data card to Verizon's (NYSE: VZ) 4G LTE data card last week and ran field tests in the San Francisco Bay area. Verdict: WOW! Although our study was not scientific, we stand by our call that VZ's LTE network at 700MHz is a game changer and the industry will need to respond.
"We see dramatically better data performance on the VZ network and look for a competitive response from other US players and a move to international. We look forward to LTE smartphones from VZ by mid-2011. This supports our positive smartphone call with top picks QUALCOMM, RF Micro, Motorola and Ericsson.
"VZ's LTE network marks the first large-scale 4G LTE launch, and we believe this is the beginning of an important new phase for the entire industry. We are truly encouraged by early results this soon following the launch (remember the headaches of 3G?). We view the success as a long-term positive for the entire industry, with implications for all of the major participants. We note that data-cards are just the beginning. We believe smart phones and tablets that can harness the increased bandwidth will begin to ramp by mid-2011."
Verizon closed Monday at $34.11, up $0.07, or 0.21 percent.
Gleacher said, "We upgraded our VZ EV-DO data card to Verizon's (NYSE: VZ) 4G LTE data card last week and ran field tests in the San Francisco Bay area. Verdict: WOW! Although our study was not scientific, we stand by our call that VZ's LTE network at 700MHz is a game changer and the industry will need to respond.
"We see dramatically better data performance on the VZ network and look for a competitive response from other US players and a move to international. We look forward to LTE smartphones from VZ by mid-2011. This supports our positive smartphone call with top picks QUALCOMM, RF Micro, Motorola and Ericsson.
"VZ's LTE network marks the first large-scale 4G LTE launch, and we believe this is the beginning of an important new phase for the entire industry. We are truly encouraged by early results this soon following the launch (remember the headaches of 3G?). We view the success as a long-term positive for the entire industry, with implications for all of the major participants. We note that data-cards are just the beginning. We believe smart phones and tablets that can harness the increased bandwidth will begin to ramp by mid-2011."
Verizon closed Monday at $34.11, up $0.07, or 0.21 percent.
Friday, December 10, 2010
Buy Motorola (NYSE:MOT) Before Split Says Oppenheimer
With Motorola (NYSE:MOT) about to split into two companies in the early part of January, Oppenheimer analyst Ittai Kidron recommends acquiring shares of the stock before the split occurs.
Major reasons given by Kidron were the split will provide “an opportunity to unlock value,” and acquiring shares in the company before the split.
He added, “While iPhone/Verizon is a headwind, we don’t believe MOT’s stock price fully reflects MMI’s initial market cap potential as we calculate it or the potential for future margin improvement.”
MMI is the stock ticker one of the companies named Motorola Mobility will trade under. The other company will be called Motorola Solutions.
Motorola was trading at $8.62, up $0.28, or 3.42 percent, as of 1:21 PM EST.
Major reasons given by Kidron were the split will provide “an opportunity to unlock value,” and acquiring shares in the company before the split.
He added, “While iPhone/Verizon is a headwind, we don’t believe MOT’s stock price fully reflects MMI’s initial market cap potential as we calculate it or the potential for future margin improvement.”
MMI is the stock ticker one of the companies named Motorola Mobility will trade under. The other company will be called Motorola Solutions.
Motorola was trading at $8.62, up $0.28, or 3.42 percent, as of 1:21 PM EST.
Tuesday, December 7, 2010
Motorola (NYSE:MOT), RIM (Nasdaq:RIMM), Nokia (NYSE:NOK) Apple (Nasdaq:AAPL), Google (Nasdaq:GOOG), Microsoft (Nasdaq:MSFT) All Growing Mobile Share
Even though there has been some jockeying for position with mobile and smartphone providers, the broader market has all of them enjoying growth as it continues to expand at a torrid pace, with Motorola (NYSE:MOT), RIM (Nasdaq:RIMM), Nokia (NYSE:NOK) Apple (Nasdaq:AAPL), Google (Nasdaq:GOOG), Microsoft (Nasdaq:MSFT) continuing to perform solidly in the sector.
Canaccord said, "Market researcher comScore (Nasdaq:SCOR) published a tally of trends in the U.S. mobile phone space for the three-month period ending in October. The report ranked both the leading mobile original equipment manufacturers (OEMs), and the leading smartphone operating system (OS) platforms in the U.S. according to their share of mobile subscribers ages 13 and older. It also reviewed the most popular activities and content accessed via the subscriber’s primary mobile phone. The October report found Samsung to be the top handset manufacturer with 24.2% market share, while LG ranked second with 21.0% share, followed by Motorola (17.7% share), RIM (9.3% share) and Nokia (7.1% share). For smartphone platforms, RIM led in the U.S. with 35.8% share of subscribers followed by Apple at 24.6%. Google Android saw another month of strong growth, capturing 23.5% of smartphone subscribers. Microsoft accounted for 9.7% of smartphone subscribers, while Palm rounded out the top five with 3.9%. Despite losing share to Android, most smartphone platforms continue to gain subscribers as the smartphone market overall continues to grow. While the overall market is growing, so are consumers' ambitions; mobile subscribers are increasingly exploring their phone’s capabilities. Nearly seventy-percent said they now use text messaging on their mobile device, while 36.2% using mobile Internet browsing. Subscribers who used downloaded applications comprised 33.7% of the audience, while accessing of social networking sites represented 24.2%, and games represented 23.7%."
Motorola closed Monday at $8.19, dropping $0.05, or 0.61 percent. RIM was at $63.33, up by $0.68, or 1.08 percent. Nokia ended the session at $9.93, losing $0.07, or 0.70 percent. Apple continues to soar during the Christmas season, closing at $320.15, gaining $2.71, or 0.85 percent. Google roared as well, ending at $578.36, up by $5.36, or 0.94 percent. Microsoft was at $26.84, down $0.18 or 0.67 percent. Palm, or Hewlett Packard (NYSE:HPQ), closed at $42.85, down $0.18, or 0.42 percent.
Canaccord said, "Market researcher comScore (Nasdaq:SCOR) published a tally of trends in the U.S. mobile phone space for the three-month period ending in October. The report ranked both the leading mobile original equipment manufacturers (OEMs), and the leading smartphone operating system (OS) platforms in the U.S. according to their share of mobile subscribers ages 13 and older. It also reviewed the most popular activities and content accessed via the subscriber’s primary mobile phone. The October report found Samsung to be the top handset manufacturer with 24.2% market share, while LG ranked second with 21.0% share, followed by Motorola (17.7% share), RIM (9.3% share) and Nokia (7.1% share). For smartphone platforms, RIM led in the U.S. with 35.8% share of subscribers followed by Apple at 24.6%. Google Android saw another month of strong growth, capturing 23.5% of smartphone subscribers. Microsoft accounted for 9.7% of smartphone subscribers, while Palm rounded out the top five with 3.9%. Despite losing share to Android, most smartphone platforms continue to gain subscribers as the smartphone market overall continues to grow. While the overall market is growing, so are consumers' ambitions; mobile subscribers are increasingly exploring their phone’s capabilities. Nearly seventy-percent said they now use text messaging on their mobile device, while 36.2% using mobile Internet browsing. Subscribers who used downloaded applications comprised 33.7% of the audience, while accessing of social networking sites represented 24.2%, and games represented 23.7%."
Motorola closed Monday at $8.19, dropping $0.05, or 0.61 percent. RIM was at $63.33, up by $0.68, or 1.08 percent. Nokia ended the session at $9.93, losing $0.07, or 0.70 percent. Apple continues to soar during the Christmas season, closing at $320.15, gaining $2.71, or 0.85 percent. Google roared as well, ending at $578.36, up by $5.36, or 0.94 percent. Microsoft was at $26.84, down $0.18 or 0.67 percent. Palm, or Hewlett Packard (NYSE:HPQ), closed at $42.85, down $0.18, or 0.42 percent.
Friday, December 3, 2010
Motorola (NYSE:MOT) November Sales weak, Lost Share to Verizon (NYSE:VZ)
Citing their checks, Canaccord Genuity said it appears Motorola (NYSE:MOT) had weak sales in November while losing share to Verizon (NYSE:VZ).
Canaccord said, "Our checks indicated weaker sales for Motorola during November as we believe Motorola lost share at Verizon (NYSE:VZ) and sales remained weak at T-Mobile and AT&T (NYSE:T). Further, Motorola announced it will officially separate into two public entities on January 4, 2011...Based on our lower smartphone estimates, we are lowering 2011 EPS estimate from $0.55 to $0.51."
They maintain a "Hold" rating on Motorola, which closed Thursday at $7.97, dropping $0.04, or 0.44 percent. Canaccord lowered their price on Motorola from $8.25 to $8.
Canaccord said, "Our checks indicated weaker sales for Motorola during November as we believe Motorola lost share at Verizon (NYSE:VZ) and sales remained weak at T-Mobile and AT&T (NYSE:T). Further, Motorola announced it will officially separate into two public entities on January 4, 2011...Based on our lower smartphone estimates, we are lowering 2011 EPS estimate from $0.55 to $0.51."
They maintain a "Hold" rating on Motorola, which closed Thursday at $7.97, dropping $0.04, or 0.44 percent. Canaccord lowered their price on Motorola from $8.25 to $8.
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