(GOOG) Motorola Mobility Holdings Unveils New 4G Handset

Motorola Mobility Holdings Inc.(MMI) continues to expand its 4G-enabled smartphone portfolio with the recent launch of Motorola ATRIX 2 smartphone.

The new 4G-enabled handset is based on the popular Android 2.3 (Gingerbread) and 1 GHz dual-core processor, which facilitates faster downloading speed. It also features an 8 megapixel camera, which supports HD video recording.

The new ATRIX 2 is also compatible with Lapdock 100, Motorola Mobility’s new webtop-based device that improves the efficiency of smartphone devices. When connected to the Lapdock 100, Atrix 2 allows faster navigation, better file management on smartphones or memory card as well as supports long emails or texts.

The new handset is slated to be released in the U.S. by the end of October and shipment to the lucrative Asian and Latin American markets will commence shortly after.

Motorola Mobility came into existence after the spin off from its parent company Motorola Inc. on January 4, 2011. After the separation, the company is primarily targeting the retail customer segment for its future growth. So in order to cash in on the growing popularity of the smartphone market, the company is continuously rolling out its popular android-based smartphone devices.

Recently, Google Inc. (GOOG) entered into an agreement with Motorola Mobility to acquire the company for $12.5 billion, subject to regulatory approvals. Presently, Motorola Mobility holds rights for approximately 24000 patents, which Google is mainly eyeing. Moreover, the company is one of the leaders in the set-top box category, which makes it another lucrative opportunity for Google as the latter is aggressively rolling out the next generation smart TV option called GoogleTV.

However, lack of product differentiations coupled with stiff competition from other cheap smartphone makers will act as headwinds for the stock going forward.

We, thus, maintain our long-term Neutral recommendation for Motorola Mobility Holdings Inc. Currently, Motorola Mobility Holdings Inc. has a Zacks#3 Rank, implying a short-term Hold rating on the stock.

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