More Bad News for Moto: Analyst Cuts Cellphone Forecast

(Crain’s) — A Wall Street analyst sees big trouble ahead for the mobile phone business. Maynard Um of UBS Securities LLC has slashed his estimate for next year, saying worldwide cell-phone shipments will drop 9% in 2009 from 2008. Previously, he predicted 3% growth. If Mr. Um is correct, ...

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