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Remind me again why Google (NAS: GOOG) wants to buy Motorola Mobility (NYS: MMI) ? With the lackluster fourth quarter that the gadget vendor just put up, my memory needs a little bit of jogging.
Motorola Mobility LLC, marketing as Motorola, is an American consumer electronics manufacturer primarily producing smartphones and other mobile devices running Android. Headquartered at Merchandise Mart in Chicago, Illinois, it is a wholly owned subsidiary of the Chinese technology company Lenovo. [4] [5] [6]
Motorola (MOT), the once-soaring cell phone maker now attempting a comeback, is looking to offload its television set-top box and business equipment unit for $4.5 billion, according to The Wall ...
Motorola is key to Lenovo's strategy of expanding abroad in order to escape slowing growth in the Chinese smartphone market. Lenovo plans to introduce Motorola's products in China where they will be positioned as a high-end brand. Motorola's smartphones have a higher profit-margin than Lenovo-branded phones and will thus enhance earnings.
In March, 2017, Motorola Solutions acquired Interexport SA. [14] In August 2017, Motorola Solutions announced it completed the acquisition of Kodiak Networks, a privately held provider of broadband push-to-talk (PTT) for commercial customers. [15] [16] Its clients included AT&T, Vodafone, KPN, Verizon, Telefonica, Bell Canada, and Vivo. [15]
“I would bet a paycheck that in three years we will be number three around the world," a Lenovo executive told CNBC at Davos.
Motorola was founded in Chicago, Illinois, as Galvin Manufacturing Corporation (at 847 West Harrison Street) [9] in 1928.. Paul Galvin wanted a brand name for Galvin Manufacturing Corporation's new car radio, and created the name "Motorola" by linking "motor" (from motor car) with "ola" (from Victrola), which was also a popular ending for many companies at the time, e.g. Moviola, Crayola. [10]