Thursday September 21, 2006

Motorola to buy Symbol Technologies for $3.9 billion

today.reuters.com :

Motorola said it agreed to buy Symbol Technologies for about $3.9 billion to boost sales of wireless handheld devices to corporate customers.

Symbol makes bar code scanners, such as those found in supermarkets, as well as radio-frequency identification (RFID) tags that store product information in tiny microchips that can be scanned to keep close track of inventory. Analysts said Symbol's scanners, RFID tags and rugged handheld computing devices would complement Motorola's computing systems for retail, transportation and health-care markets.

- More merger mania.

See also :

1. Merger mania

(2006-09-21 08:19:13 SGT) [Biz] Permalink Comments [1]

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