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Motorola Interested In Buying Sagem

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Oct 26, 2006, 2:08 PM   by (staff)

Motorola President Ron Garriques yesterday said the company is interested in acquiring Sagem, a European handset manufacturer. Sagem sells low to mid-teir handsets and is showing financial weakness faced with increased competition from major manufacturers. Its parent company, which also owns an aerospace manufacturing business is looking to offload the handset business according to rumors. Garriques said Motorola is solely interested in Sagem's employees, not other aspects of the business. Recently Motorola also purchased a Danish research lab, including its employees, from BenQ Siemens' handset division.

more info at Reuters »
more info at Infoworld »

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Sagem is the coolest company ever. SprintLynchburg_VA Oct 26, 2006, 3:18 PM
 
 
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