Motorola Pays $3.9 Billion for Symbol
By the Betanews Staff | Published September 20, 2006, 11:59 AM
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.
Symbol is most known for its barcode scanners, which are used in supermarkets, and its rugged mobile computers. Motorola expects the deal to double its reach in retail, transportation and health-care markets, although some analysts are concerned it may distract the company in the process. Company CEO Ed Zander said Motorola was looking at Symbol "for some time."
I'm not sure how I feel about this buyout - we use and spec Symbols' rugged handhelds for our customers and some of those customers are not Motorola fans. Motorola has long been the 800 lb gorilla in the public safety sector and this only adds additional weight to their presence.
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