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September 19, 2006
Big RFID Acquisitions: Motorola Buys Symbol
Wow. There have been several RFID mergers and acquisitions this past year, but I think this is a big one in terms of news value. (Lockheed Martin's acquisition of Savi Technologies was big news as well.) Motorola is buying out Symbol Technologies - a relative giant in labelling, bar codes, RFID - for just under US$4 B in cash. I say this only on intuition and educated guess from the headlines I've been seeing for the past year, but this is an excellent acquisition choice for anyone. I'm just surprised that Microsoft still isn't considering being Microhard and getting into more hardware projects. (IBM is certainly doing it.) The deal will not close until about the end of the year. [Reuters via Silicon.com]
Symbol also announced this week a new Gen 2 RFID reader, the RD5000, which can be "integrated with forklifts, pallet jacks, stretch wrappers and other material handling equipment." [via More RFID]
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