Motorola's Stock Ready to Rise
I have liked Motorola (NYSE: MOT) since late July of 2005. I can't say I called the bottom but I have enjoyed the ride by purchasing calls and owning the individual stock. Motorola's holiday lineup seems to be pretty solid. Motorola will release a new RAZR phone called the RAZR V3i , which is an upgrade from the current RAZR phone. The RAZR V3i will have iTunes music, 1.23 megapixel camera, plus there will be a slot for swappable memory.
Motorola will also be releasing a phone called the SLVR L7 with iTunes.
It is also rumored that the old Motorola RAZR cell phone will be offered on Black Friday for only $88.73 at Wal-Mart. It currently retails for $199. This should give Motorola's stock and sales a nice boost.
Note: I am long Motorola (NYSE: MOT)
1 Comments:
I think $26-27 is a nice price target for Motorola in the short term. 20 x 2006 earnings.
Post a Comment
<< Home