Report: Motorola phones weigh on company

SCHAUMBURG, Ill., Nov. 7 (UPI) -- U.S. electronics giant Motorola may see its share of the mobile phone market drop in the first half of 2009, industry analysts said.

The Illinois company's market share dropped to 8.4 percent this year, putting it in fourth place "light years behind Nokia," which commands the largest share of the mobile phone market, Gimme Credit analyst Dave Novosel said in a report.

The struggling cell phone division will burn up Motorola's cash reserves in two years, The Chicago Sun-Times said.

New products are on the way, but are not around the corner. Motorola phones using Windows Mobile 6.5 won't be ready for market until the third or fourth quarter of 2009 and phones in development using the Android system won't be ready for market until the holiday season in 2009, the report said.