Sprint, Nextel Announce Merger
news: Motorola to make dual-mode phone for Sprint Nextel
Motorola to make dual-mode phone for Sprint Nextel
WASHINGTON (AFX) -- Nextel CEO Timothy Donahue said Wednesday that Motorola (NYSE: MOT - news) will make a dual-mode phone for Nextel and Sprint after the two companies complete their merger. Such a phone will be necessary to bridge the company's two incompatible networks as they move to integrate customers onto one upgraded network within a few years of the merger's completion. Motorola stock took a dive last Friday on concerns that the merger would cut into phone sales. Motorola supplies virtually all of Nextel's phones, which are based on a unique technology called Iden that was developed by Motorola. In recent trades, Motorola shares rose 39 cents to $17.24.
This story was supplied b...
(continues)
WASHINGTON (AFX) -- Nextel CEO Timothy Donahue said Wednesday that Motorola (NYSE: MOT - news) will make a dual-mode phone for Nextel and Sprint after the two companies complete their merger. Such a phone will be necessary to bridge the company's two incompatible networks as they move to integrate customers onto one upgraded network within a few years of the merger's completion. Motorola stock took a dive last Friday on concerns that the merger would cut into phone sales. Motorola supplies virtually all of Nextel's phones, which are based on a unique technology called Iden that was developed by Motorola. In recent trades, Motorola shares rose 39 cents to $17.24.
This story was supplied b...
(continues)
...
This forum is closed.
