Motorola Bellies Up to the Bar Code
Motorola Chief Executive Ed Zander took a significant step toward making the cell-phone giant into the versatile communications giant he has always desired. Zander announced Tuesday an agreement to buy Symbol Technologies (SBL), a maker of bar code and inventory scanning technology, for about $3.9 billion. The acquisition enables Motorola (MOT) to boost sales of wireless handheld devices to corporate customers such as FedEx (FDX), big-box retailers, airlines, and hospitals. What's more, as companies expand their use of radio-frequency tracking chips, Motorola stands to benefit by merging that technology with one it already knows intimately: cellular phone networks.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.