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Tech Rumor of the Day: Motorola

Stock quotes in this article: MOT , PALM , GOOG , NOK , AAPL , RIMM  

Don't expect Motorola (MOT Quote) to follow Palm's (PALM Quote) success.

Excitement has been building as the former flip-phone star attempts to reinvent itself as a smartphone challenger. Former Qualcomm (QCOM Quote) executive Sanjay Jha has slashed 7,500 staff positions, targeted $1.3 billion in cost cuts from its phone unit and aligned its hardware strategy with Google's (GOOG Quote) Android phone software.

Motorola says it will have the Android phones ready and available in the fourth quarter. It looks like Motorola plans to debut two new Android devices -- one version headed to Verizon (VZ Quote) and probably Sprint (S Quote), and another that probably will land with T-Mobile and some European telcos.

Apple's Newest Iphone 3GS
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