Mobile News

Thin Razr 2 sales cause slide in Motorola share price

Shares of cellphone giant Motorola Inc. dropped the most in nine months in New York trading yesterday after a Citigroup Inc. analyst said holiday sales suffered because of an absence of desirable phones. Demand for Motorola's Razr 2 was "lacklustre," Citigroup's Jim Suva of San Francisco wrote in a note. He cut his price target on the stock to $18.50 from $22.50. [Read]