Motorola Shares Ride High on the Cliq
By Jared Newman
It’s obviously hard to know what makes investors tick (if we did, we’d be rich), but they seem to have taken an unnatural liking to Motorola’s Android-powered Cliq phone. Motorola shares rose 6.5 to $8.49 on the news, after an initial 1.5 percent increase, so it seems the phone got a second wind of excitement after its initial reveal. Analysts love the Motoblur social networking integration, which displays e-mail, text, Facebook, Twitter and other sources right on the user’s home page. And partly, the high expectations are partly because Motorola doesn’t really have anywhere to go but up, with its mobile phone division currently taking on losses. We’ll see if shareholder interest correlates with consumer interest when the Cliq launches later this fall. [via Reuters]
