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Article: Motorola to acquire Symbol Technologies for $3.9 billion.
- Article from:
- Chicago Tribune (Chicago, IL)
- Article date:
- September 19, 2006
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Copyright informationCOPYRIGHT 2006 Chicago Tribune. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mike Hughlett
CHICAGO _ 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.
Hence, Motorola's announcement Tuesday that it will pay $3.9 billion in cash for Symbol Technologies, the leading maker of bar code readers and rugged mobile computers.
It's Schaumburg, Ill.-based Motorola's biggest acquisition since its $17 billion buyout of cable TV equipment maker General Instrument Corp. in 2000.
Analysts generally praised the deal, saying it was priced fairly and should help Motorola broaden its customer base. "It's ultimately a good strategic move," ...
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