Wednesday, February 16, 2011

Moto Xoom Still Leads Samsung Tab, Says Gleacher

Gleacher & Co. analyst Mark McKechnie today reiterated a Buy rating on shares of Motorola Mobility (MMI) and a $40 price target, following a Q&A session with CEO Sanjay Jha during the Mobile World Congress in Barcelona this week.

He notes the company’s been under pressure from the announcement on Monday that Samsung (SSNLF) is getting ready to offer the successor to its “Galaxy Tab” tablet computer using Google’s (GOOG) Android software in a new version, called “Honeycomb.”

That version is geared especially for tablets, and Moto had an early lead in announcing its “Xoom” tablet at last month’s Consumer Electronics Show as the first Honeycomb tablet, so there’s been concern Samsung will steal Moto’s thunder. The Xoom was used by Google in a demo of Honeycomb earlier this month at its headquarters.

“Jha still feels he has a 3-month lead over Samsung and [LG Electronics's (LGEJY)] tablets based on his understanding of their ramp plans,” writes McKechnie. “He also pointed to other technical advantages of being the “GED” or Google Experience Device” as Android 3.0 was tuned specifically for MMI’s XOOM so it should perform better.”

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