Conventional wisdom shows that when you have hit rock-bottom the only way is up. Knowing when you are actually there is a skill all stockbrokers would give their right arm for, or a at least a promise to bear it in the future. Motorolas painful fall from grace over the last few years, and the major surgery which followed, might just be showing some green shoots. Thats if Oppenheimer analyst Ittai Kidrons analysis is right: he is advising clients to take another look at Motorola (NYSE: MOT), who is convinced H2 2009 will be when it rockets back up to the big league.

Its no secret Motorola are seriously committed to Android, and this timeframe seems plausible for the launch of their new handsets. With its stock price recently near its 52-week low of $2.98, it moved up on Kidrons bullish message 4.4%, about 15 cents. What does he know that we don't? His message was that we can expect 10 new smartphones from them this year.

Take a look at this early Rokr e7 mockup. Touch screen, minimalist design - doesn't that look a little familiar in todays climate? Its clear Motorola have no fears over the hardware, but launching "10" handsets on a relatively unproven software platform would be a risk the shareholders would be unlikely to take, were it not for the backing of the collosus of the internet, Google.

Kidrons missive stated "With sentiment at an all-time low and investors' attention lost, we believe Motorola warrants another look. Given limited downside to the stock, we're bullish on Motorola."