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TASER (TASR) Stock Slumping as Body Camera Competition Grows

NEW YORK (TheStreet) --Shares of TASER International (TASR - Get Report) are down by 11.67% to $21.88 in midday trading on Tuesday afternoon, after Motorola Solutions (MSI) announced that it has entered the body camera industry with its first-ever, three-in-one combination body-worn video camera, radio speaker and microphone along with a new, cloud-based content management system.

TASER International is a Scottsdale, AZ-based company engaged in the manufacturing and sale of body worn cameras and related equipment for law enforcement and military personnel.

Motorola is jumping into the body cam sector as the demand for video footage of interactions between police and civilians intensifies.

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Motorola's "Smart Interface" (SI) the Si500 and the Si300 video speaker microphone will reduce the amount of equipment officers must carry "by combining a state-of-the-art video camera and high-quality radio speaker microphone into one easy-to-use device," Motorola said in a statement announced the...