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Motorola Faces Chip Ban

Motorola Faces Chip Ban

By Scott Moritz
Senior Writer
6/8/2007 1:33 PM EDT
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Motorola's (MOT - Cramer's Take - Stockpickr - Rating) recovery looks a little more challenging after its 3G chip supplier Qualcomm (QCOM - Cramer's Take - Stockpickr - Rating) gets hit with an import ban.


Already late to the third-generation wireless phone race, Motorola can only hope Qualcomm wins its pending appeal of the U.S. International Trade Commission decision Thursday. The ITC decided to enforce a ruling that found Qualcomm had infringed on a Broadcom (BRCM - Cramer's Take - Stockpickr - Rating) patent, and imposed a ban on imports of Qualcomm's 3G products.

http://www.thestreet.com/_yahoo/newsanalysis/techtelecom/10361549.html

"Motorola appears cheap, but we believe it could take a year to substantially improve the company's handset portfolio," writes Jefferies analyst Bill Choi in a research note Friday titled, "The Grinch Who Stole Christmas Phones."

posted by Famous Quotations @ 3:16 PM