On April 3, sources said on Thursday that while the Motorola system (Motorola Solutions) has been to private equity funds and big technology companies to sell the company, but so far, before a company interested in buying Motorola system to. Of course there needs to be clear, the MOTOROLA system is MOTOROLA's department, became an independent company in 2012 through a spin-off. In MOTOROLA a few months later, the set-top box and the intelligent mobile phone business of the MOTOROLA mobile for $12.5 billion sale to Google. Last year, Google and MOTOROLA mobile smart phones sold sold to China mobile phone maker lenovo group.
MOTOROLA system provides enterprise solutions, its business includes mobile radio telephone and audio system, etc. $3.45 billion last year, the company has for the enterprise business to bar code printer manufacturers Zebra Technologies Corp. Sources said that due to the size of the MOTOROLA system is too big, it is difficult to make a buy-out funds to buy the company. On the news, the MOTOROLA system shares on Thursday in nyse fell $4.16, or 6.24%, to $62.51. According to Thursday's closing prices, the MOTOROLA system market value of about $13.5 billion.
Other sources, the MOTOROLA system had already contact with Honeywell International (Honeywell International), as well as the world's largest electrical and electronic components manufacturers and service providers Tyco International (Tyco International Plc) and other strategic buyers, but these companies are not interested in buying MOTOROLA system. The news that some companies worry about MOTOROLA system technology may have been out of date, cannot prove that such large-scale mergers and acquisitions is reasonable.
After the break-up of the MOTOROLA system has been struggling. Last year, the company adjusted (not in accordance with us gaap) earnings per share fell by 45%, and the company's revenue this year may be slightly lower than last year.
The north shore of research analyst Keith hao Sam (Keith Housum), said the MOTOROLA system should be able to interest some wireless carriers, because they want to deepen and the relationship between the emergency service providers, which in turn requires reliable, constant access communication network.
MOTOROLA system now another option, is to share buybacks. But hao Sam thinks, this kind of practice can only increase the company's debts, make the company more not interested private equity firms. Today, the market funds found himself has been difficult to obtain financing to complete large-scale acquisitions, the so-called joint acquisition also disappeared without a trace.
Bloomberg said in early February had that devil roller system, has hired investment Banks looking for potential buyers for the company. Sources said at the time, in the previous months, MOTOROLA system has been launched for sale process. So far, the MOTOROLA system, honeywell international and tyco international to this report did not comment. MOTOROLA system of current customers mainly for the U.S. government, occupied 8% of the company's revenue; And companies such as Volkswagen, ford, BMW car manufacturers.
Citigroup analyst Shannon, Mr Callahan (Shannon O "Callaghan) believes that it is MOTOROLA system of enterprise business sold to Zebra barcode printer manufacturers, to honeywell international will no longer consider acquiring MOTOROLA system. In the last month, the analyst said," MOTOROLA system has been put with honeywell international business to the Zebra, so honeywell international is no longer interested in MOTOROLA's system. "
