The crowd at CIBC World Markets believes that Samsung could pass Motorola (MOT) as the world’s second largest handset manufacturer behind Nokia (NOK). The bank thinks MOT’s market share could drop to just above 15% in the second quarter. It hit 22% at its peak last year.
Motorola’s new RAZR2 phone may be hurt by the ITC’s important ban on certainly Qualcomm (QCOM) chips.
It would not be surprising at the point for Motorola to revise its Q2 forecasts down as the quarter moves toward an end. There is enough bad news regarding the company’s business that it is barely staying above its 52-week low of $17.32.
Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.
