Motorola Inc. (NYSE: MOT) last Thursday charmed investors when it revealed its Cliq smartphone, which will compete head on with Apple Inc.’s (Nasdaq: AAPL) iPhone and Research in Motion Ltd.’s Blackberry.

Motorola’s stock is up nearly 12% since the announcement, as investors are hoping the new phone will be enough to win back some of the company’s lost market share.

However, saving Motorola’s mobile division – which the company plans to spin off – is a daunting task. The company – which invented the cell phone, as well as a plethora of other communication devices used by police and military – has seen its global market share of wireless phones fall to 2% in its second quarter this year from 31% in 1995. Mobile phone sales accounted for 33% of Motorola’s second-quarter revenue, down from 41% a year ago.

Motorola

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Struggling mobile phone developer Motorola Inc (MOT) unveiled yesterday its first high-end 3G smart-phone named “Motorola CLIQ." Outside the U.S. this handset will be known as “Motorola DEXT." The company will start shipment of these devices from the coming month.  

Motorola or any of its carrier partners has not given any price information for either CLIQ or DEXT. However, industry sources predict that price may be within the range of $100 - $150 throughout the world.

Dr. Sanjay Jha, the co-CEO and the Mobile Device division chief of Motorola, has also announced that the company will introduce its second 3G smart-phone within next few weeks. That device will also be based on Android software. Motorola is trying hard to expand this platform using its proprietary MOTODEV program. Management declared that another 30 3G high-end mobile handsets are in the offing during fiscal 2010.  

We believe that the introduction of

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AmEx Cuts 7,000 Jobs; Oil Down on GDP; Governors Lobby Gov. on Auto Industry; Motorola Downsizes; Kodak Results Less Than Picture Perfect; Waste Management Recession Resistant

American Express Co. (AXP) said yesterday (Thursday) that it plans to cut 7,000 jobs, or 10% of its global work force, in an effort to reduce costs by $1.8 billion in next year, The Associated Press reported. The company will also suspend management-level salary increases next year and institute a hiring freeze. American Express has reported four straight quarters of profit declines. Oil prices fell more than 2% yesterday (Thursday), after economic data showed a 0.3% decline in gross domestic product (GDP). Light, sweet crude fell $1.54 at settle $65.96 a barrel, after trading as high as $70.60 earlier in the day. Oil is down 55% from the record high $147.27 a barrel reached in July. It is down 30% in ...

AmEx Cuts 7,000 Jobs; Oil Down on GDP; Governors Lobby Gov. on Auto Industry; Motorola Downsizes; Kodak Results Less Than Picture Perfect; Waste Management Recession Resistant

American Express Co. (AXP) said yesterday (Thursday) that it plans to cut 7,000 jobs, or 10% of its global work force, in an effort to reduce costs by $1.8 billion in next year, The Associated Press reported. The company will also suspend management-level salary increases next year and institute a hiring freeze. American Express has reported four straight quarters of profit declines. Oil prices fell more than 2% yesterday (Thursday), after economic data showed a 0.3% decline in gross domestic product (GDP). Light, sweet crude fell $1.54 at settle $65.96 a barrel, after trading as high as $70.60 earlier in the day. Oil is down 55% from the record high $147.27 a barrel reached in July. It is down 30% in ...