Feeds

Moto buys Symbol Tech

Beep beep beep - $4bn please

Securing Web Applications Made Simple and Scalable

Motorola is acquiring industrial mobile-device specialist Symbol in a cash deal worth almost $4bn.

Symbol launched in 1975 and thanks to its low-cost handheld scanners, rode the introduction of barcodes. It subsequently invested heavily in making the scanners wireless, with recent growth coming from RFID readers and infrastructure. A natural fit for Motorola, then, with the latter's existing customer base in transportation and the public sector.

Symbol also has a patent portfolio of over 900 grants, which Motorola CEO Ed 'Zndr' Zander said was a factor in the acquisition.

Moto will pay $15 per share, a 33 cent premium over Monday's trading price, and expects the deal to close late this year or early in the New Year.

Last year, Symbol turned over $1.7bn in revenue and instituted a cost-cutting program. Its most recent quarter saw it return to the black, with net income of $27.2m on revenue of $435m. ®

Application security programs and practises

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
For Lenovo US, 8-inch Windows tablets are DEAD – long live 8-inch Windows tablets
Reports it's killing off smaller slabs are greatly exaggerated
Microsoft unsheathes cheap Android-killer: Behold, the Lumia 530
Say it with us: I'm King of the Landfill-ill-ill-ill
Cheer up, Nokia fans. It can start making mobes again in 18 months
The real winner of the Nokia sale is *drumroll* ... Nokia
Seventh-gen SPARC silicon will accelerate Oracle databases
Uncle Larry's mutually-optimised stack to become clearer in August
EU dons gloves, pokes Google's deals with Android mobe makers
El Reg cops a squint at investigatory letters
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.