“Motorola warned Wednesday that investors shouldn’t expect an exceptionally speedy recovery from the struggling handset maker,” Scott Moritz reports for TheStreet.com.

Moritz reports, “Finance chief Dave Devonshire told investors at a Bank of America technology conference in New York that the next two quarters ‘will be rocky.’ Asked to explain, Devonshire said, ‘It’s not going to be good, but it’s not a terminal illness.’”

“Investors didn’t come away feeling more confident about the pace of Motorola’s rebound. ‘If it’s going to take 18 months, I don’t know if I want to wait,’ said one money manager at the conference,” Moritz reports.

Moritz reports, “The news comes just a month after Motorola reported its third straight disappointing quarter and warned of soft numbers ahead. CEO Ed Zander responded by promising to cut 3,500 jobs but urged patience on the Schaumburg, Ill., wireless giant’s fourth-quarter conference call.”

“And with Motorola preparing no potential blockbuster phones for introduction anytime soon, industry observers fear Apple’s iPhone will soon take a big slice of the U.S. business,” Moritz reports. “‘It doesn’t look good,’ said the money manager. ‘You have the iPhone coming later this year and that could take some of the high-end business. It will make things even more challenging.’”

Full article here.

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