Motorola sets new stock repurchase program
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Motorola, Inc.  on Monday said  it would repurchase the remaining $1.2 billion of its common  shares and said its board has approved a new $4.5 billion stock  repurchase program, sending its stock price up 5 percent.
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Motorola Inc, the world's third biggest cell phone maker, on Thursday introduced a mobile media player that shows live television, on-demand video clips and programming saved on digital video recorders.
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In its biggest acquisition since 2000, Motorola on Tuesday announced plans to acquire Symbol Technologies for $3.9 billion. The deal will bolster Motorola's sale of wireless handheld devices to enterprises, as well as its position in the RFID market.
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(InfoWorld) - Motorola plans to acquire wireless mobile device developer Symbol Technologies for $3.9 billion, the companies announced Tuesday. Symbol makes a range of devices for businesses, including handheld computers that may include bar code scanners, RFID (radio frequency identification) technologies and WiFi. They are widely used by workers in warehouses and large retail outlets, and by delivery services. The acquisition would fit with Motorola's history as a developer of mobile phones and two-way radios, and advances its push into companies' mobile computing strategies, it said. Motorola has traditionally catered to businesses, notably with is push-to-talk technology used by Nextel in the U.S., and with its Canopy broadband wireless infrastructure business. While Symbolâs products have a broad customer base the company has faced hurdles in the past few years. In 2004, the U.S. Securities and Exchange Commission fined Symbol $37 million fine for fraudulent accounting practices. Eleven executives were charged with securities fraud including the former chief executive, who subsequently fled the U.S. Rumors had surfaced over the past few days that Symbol was looking for a buyer. The deal is expected to close later this year or early in 2007, subject to regulatory and other approvals. Symbol will become a Motorola subsidiary and continue to operate from its headquarters in Holtsville, N.Y.
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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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Chicago - Motorola will cut 1 000 jobs and take a charge of $50 million (R320.5 million) for severance benefits as it moves to complete a spinoff of its money-losing semiconductor unit, the company said.
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- Motorola Inc. MOT.N on Tuesday said it agreed   to buy Symbol Technologies Inc. SBL.N for about $3.9 billion   in cash to expand its enterprise capabilities.
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US mobile phone giant Motorola has announced plans to buy technology infrastructure group Symbol Technologies in a 3.9 billion-dollar deal.
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Motorola Inc.  on Tuesday said it agreed  to buy Symbol Technologies Inc.  for about $3.9 billion  in cash to expand its enterprise capabilities.
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Vodafone Group Plc plans to hand 6.0  billion pounds ($11.12 billion) back to shareholders this year  after doubling half-year and full-year dividends and boosting a  multi-billion pound share buy-back program.
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Motorola Inc, the world's third  biggest cell phone maker, on Thursday introduced a mobile media  player that shows live television, on-demand video clips and  programming saved on digital video recorders.
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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.
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Telstra Corporation has announced details of its plan to invite all shareholders to participate in a $750 milion off-market share buy-back.
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Motorola's latest move against its rival is a lawsuit.
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Motorola Inc. MOT.N, the  second-largest mobile phone maker, said on Tuesday it expects  to sustain strong sales growth in the second half of 2004 on  new handsets, sparking a 4.7 percent jump in its shares.
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Motorola is realigning its business after slashing its cell-phone sales forecast. The news comes days before its
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Carl C. Icahn, who has made a career of agitating for change at large companies, wants Motorola to use its $10.5 billion cash pile toward a huge buyback of shares.