Citigroup: Sell Palm, RIM and buy Motorola

An forecaster at Citigroup is calling for the business to purchase into Motorola as well as sell stocks in Palm and RIM (the makers of Blackberry devices).

Jim Suva says that the issue of Motorola’s Droid on the Verizon service will end up spelling trouble for the other makers, even with Palm dispensing with the Pixie in about two weeks. Even Research in Motion has a new handset coming out, the Storm 2, but it just isn’t getting the kind of racket that the Droid is.

Something else no one ought to forget is that Motorola is launching more than a few Android phones in the next few months. It is all pretty striking when you imagine that people were talking about Motorola’s handset division going out of business.

The Citigroup analyst said yesterday that Motorola is a “buy” in place of a “hold” and that the Droid device is “persuasive.”

I am not sure what else he is following, but right now there are supplementary HTC handsets on the market consecutively Android than Motorola handsets.

After the analyst made his declaration, RIM and Palm both closed falling for the day and Motorola closed up. Observably this kind of forecaster pronouncement has a large outcome on the stocks for both of these corporations.

I imagine Palm may be able to come back from trailing, but the predicament is (at least in my belief from a customer point of view) that the WebOS operating system was not ready for prime time when it was launched and it has taken some time to get it in order.

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