Motorola Fans Come To Rescue (MOT)
Posted in pre-marketNovember 2nd, 2009
Motorola Inc. (NYSE: MOT) is trading up rather well today. Citigroup raised its to BUY from HOLD as part of the same call where R-I-M was downgraded this morning. Barron’s noted that Motorola recently offered a bright outlook for the final months of this year and prepared to roll out two smartphones based on Google’s Android O/S. The first is out NOV 2 as the Cliq sold by T-Mobile and the second is the NOV 6 Droid smartphone launch from Verizon. At 9:03 AM EST we have seen some 890,000 shares trade hands and shares are up almost 5% at $8.98.
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