Motorola Buys Symbol Technologies to Widen Reach
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Motorola said Tuesday that it would pay $3.9 billion for Symbol Technologies, a maker of scanners and other wireless technology.
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Motorola Inc.'s venture capital arm aims to boost its investments to more than &#36;100 million this year, betting on technologies including automotive electronics, high-speed wireless communications, and advanced optical systems, its chief told Reuters.
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(InfoWorld) - A troubled Motorola has realigned itself as its criticalÂ cell-phone business slows down. The company sketched out the reorganization in a U.S. Securities and Exchange Commission filing Tuesday, two days before it is set to announce its second-quarter financial results. Last week, Motorola slashed its earlier revenue forecast for the quarter and predicted a larger loss, blaming lower phone sales. It also named a new chief of its mobile unit, Stu Reed. Other recent changes in the executive ranks have also rocked the company. Motorola is now split into three divisions: Mobile Devices, Home and Networks Mobility, and Enterprise Mobility Solutions. The company is moving its Good Technology mobile e-mail software business from the Mobile Devices division into Enterprise Mobility Solutions. Its carrier equipment business has been combined with home broadband products in the Home and Networks Mobility segment with the new enterprise unit focusing on private network products. The Home and Networks Mobility group is responsible for set-top boxes and digital video systems for carriers, home DSL and cable modems, and wired and wireless broadband network gear. The Enterprise group encompasses analog and digital two-way radio and other voice and data communications systems for government, businesses and Motorola's large public safety customer base. Good Technology, whichÂ Motorola acquiredÂ in a deal completed in February, is a mobile messaging platform with enterprise features like centralized lockdown of unwanted applications on the phone. It competes against Research in Motion's BlackBerry system and Nokia's Intellisync technology. After the rousing success of the slim Razr handset, which started out as a premium-priced bauble and quickly became a mass-market commodity, Motorola has had trouble coming out with an encore. A Razr 2 is expected later this year. New handsets from Nokia, Samsung, and LG Electronics had stolen the spotlight even before Apple's iPhone, which debuted June 29, became the talk of the industry. Meanwhile, sales for all makers have stagnated in higher-priced markets like North America and Europe while rising in lower-priced India and China, according to industry analysts. Last Wednesday, Motorola said it expected to report 35 million to 36 million handset sales in the second quarter, down from 45.5 million in the previous quarter. Its revenue forecast dropped from $9.4 billion to between $8.6 billion and $8.7 billion. The company now expects to lose between $0.02 and $0.04 in the quarter.
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By Mark Harrington And James Bernst, Newsday, Melville, N.Y.  Sep. 19--Shares of Symbol Technologies Inc. rose more than 15 percent  yesterday, as some speculated the Holtsville mobile computer and bar-code  scanner giant was closing in on finding a possible suitor.
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SCHAUMBURG, Ill. -- Motorola, Inc. (NYSE: MOT - message board) today announced that it has entered into an agreement with Nextel Communications Inc.
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Motorola Inc. , the world's  second-biggest handset maker, said on Monday it would develop  advanced mobile phones using chips from Texas Instruments Inc.  , the No. 1 wireless chip maker.
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Symbol Technologies has expanded its line of rugged handheld computers with the addition of a PDA form-factor device called an &quot;enterprise digital assistant&quot; (EDA).
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Symbol Technologies Inc. , a  maker of bar code and inventory scanning technology, is  auctioning itself, and mobile phone company Motorola Inc.   is the most likely buyer, the Wall Street Journal  reported on Saturday.
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By Mike Hughlett, Chicago Tribune  Sep. 20--Sure, a bar code reader lacks the "wow" appeal of a sleek cell  phone, but Motorola Inc. needs gadgets to beef up sales to business, too, not  just consumers.
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Increasing NTT DoCoMo&#39;s reach outside Japan, the Japanese carrier has partnered with Motorola to build a 3G FOMA phone that also does GSM/GPRS.
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Motorola Inc., the second-largest maker of wireless handsets, said Thursday it agreed to purchase Crisnet Inc., a privately-held developer of records management and related systems for criminal justice and public safety customers.
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By Deborah Cohen CHICAGO  - Motorola Inc.  is betting it canwin more business from U.S. mobile phone company Sprint Corp. as a result of Sprint's planned takeover of NextelCommunications Inc. , Motorola's chief strategist said.
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HOLTSVILLE, N.Y., Dec. 12  /PRNewswire-FirstCall/ -- Symbol Technologies, Inc. , The Enterprise Mobility Company(TM), today announced Symbol Advanced Services, a suite of service solutions to deploy new and emerging technologies, including RFID, wireless security and mobility software.
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Motorola Inc , the world's  third biggest mobile phone maker, on Sunday unveiled two new  cell phones and a plan to buy Asian digital music service  Soundbuzz Pte Ltd. as it looks to stem recent market share  losses.
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Motorola Inc. is acquiring MeshNetworks Inc., developer of a technology that makes it easy to set up and expand wireless networks, in a deal expected to help the world&#39;s No.
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Japanese mobile phone company DoCoMo is in talks to buy 3G handsets from Motorola, the world's second largest handset maker.
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Motorola said it is exploring a realignment of its businesses to boost its struggling cellphone unit, which has fallen on hard times after a two-year run of success with the Razr.