Motorola to Buy Symbol Technologies for $3.9 Billion

The deal for Symbol, which makes portable bar-code scanners and customized handheld computers is expected to close in late 2006 or early 2007, pending regulator clearance and approval by Symbol shareholders, company officials said. ”This is a company we’ve been looking at for some time,” Motorola Chairman and Chief Executive Ed Zander said in a conference call from Symbol’s headquarters in Holtsville, New York.

Read the rest of this entry »