Motorola Inc. on Friday let pass another chance to unveil a turnaround strategy.
The occasion was the company's analyst meeting in New York, and while Stu Reed, who heads the company's mobile phone division, pledged not to repeat the mistakes Motorola made with the Razr (to wit, we won't ride one horse to the bitter end ever again), he also did not unveil any new phones. That, Reed said, will have to wait until October. "You're going to be hit by a wave, a drumbeat, a cadence of new products," Reed told the audience.
While the company does have new products in the pipeline, presentation of said offerings, as the iPhone demonstrated, counts for a lot — Motorola doesn't win any points by fanning on an opportunity for a high-profile preview. And the longer it waits, the bigger the yawns are likely to be. Indeed, analysts were clearly perturbed by the company's entreaties to bide their time on Motorola's product launches.
"We remain bearish on the stock pending better visibility on compelling new platform phones," Charter Equity Research analyst Ed Snyder wrote in a research report. —Andrea Orr
See story from The Chicago Tribune
See July 12 story from TheDeal.com
Tags: Motorola, corporate restructuring, cellphones, telecom, wireless
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