Barclays Issues CES Preview, Sees New Device Launches from MOT, GOOG, PALM

googlephone112/28/2009-Barclays Capital released a note to clients regarding the upcoming CES show on January 7-8 in Las Vegas, expecting a number of new handset launches and possibly limited sell through Q4 data.

Barclays projects new device launchings from handset makers including Motorola (NYSE:MOT), Google (NASDAQ:GOOG), Palm (NASDAQ:PALM) and Samsung, which they say will be the highlights of the show.

Barclays early views indicate that European sell through is at least inline with normal seasonality and expect more data at the CES.

For Motorola (NYSE:MOT), Barclays said "We anticipate Motorola to launch a few smartphone devices, likely in the low to mid tier palmpixisegment given the current hole in their portfolio. However, a Google launch is likely to overshadow the announcements. We expect commentary on the Home business to remain restrained."

For Palm (NASDAQ:PALM), Barclays said, "Anticipate re-freshes of both the Pre and Pixi to be announced for Verizon with initial availability in mid January, roughly a month ahead of our prior expectations."

For Garmin (NASDAQ:GRMN), Barclays said to "Look for further confirmation on healthy sell through trends following black Friday promotions. Potential inventory related risks due to weaker competitive promotional activity, however, bear monitoring."

blackberryFor Research In Motion (NASDAQ:RIMM), Barclays said, "We look for further positive datapoints on sell through trends. We believe rising promotional activity during the holiday season should drive a strong December. We do not expect additional device launches at CES. Competitive launches may bring potential share losses in focus following healthy F3Q results."nokian97

Lastly, regarding Nokia (NYSE:NOK), Barclays said "We would view further confirmation of a return to seasonality as positive for Nokia's near term outlook. Nokia has guided to a 4Q uptick below normal seasonality of up 10-15%. We do not expect new device launches."

by Chip Brian