Posts Tagged ‘MMI’

Motorola Mobility Holdings Inc. (MMI) gets Googled, leaps in price

Tuesday, August 16th, 2011

Motorola Mobility Holdings Inc. (NYSE: MMI) shares remain skyward 55% today over Friday’s close after Google Inc. (Nasdaq: GOOG) said it would buy the cellphone business for about $12.5 billion, or $40 a share. Monday after the deal was announced, volume for Motorola ballooned to 54.4 million shares from a daily average of 4.3 million.

A release published August 15 noted that the acquisition of Motorola Mobility, a dedicated Android partner, will enable Google to supercharge the Android ecosystem and will enhance competition in mobile computing. Motorola Mobility will remain a licensee of Android and Android will remain open. Google will run Motorola Mobility as a separate business.

Larry Page, CEO of Google, was quoted in the release as saying, “Motorola Mobility’s total commitment to Android has created a natural fit for our two companies. Together, we will create amazing user experiences that supercharge the entire Android ecosystem for the benefit of consumers, partners and developers. I look forward to welcoming Motorolans to our family of Googlers.”

In the same release, Sanjay Jha, CEO of Motorola Mobility, said, “This transaction offers significant value for Motorola Mobility’s stockholders and provides compelling new opportunities for our employees, customers, and partners around the world.

“We have shared a productive partnership with Google to advance the Android platform, and now through this combination we will be able to do even more to innovate and deliver outstanding mobility solutions across our mobile devices and home businesses.”

Motorola Mobility Holdings, Inc. fuses innovative technology with human insights to create experiences that simplify, connect and enrich people’s lives. Its portfolio includes converged mobile devices such as smartphones and tablets; wireless accessories; end-to-end video and data delivery; and management solutions, including set-tops and data-access devices

INPH incredible, F on move, MMI sags

Monday, February 14th, 2011

Interphase Corporation (Nasdaq: INPH) shares launched 14.6% higher Monday to $4.70. Volume topped two million shares, towering over an average around 59,000. The company last week reported quarterly revenues were up 24% to $5.8 million when compared to $4.7 million for the fourth quarter of 2009.

Ford Motor Company (NYSE: F) traded in 48.8 million shares Monday, compared to a daily average of 89.8 million. Share prices fell flat 1.9% to $16.07, after announcing the sale of $586 million worth of securities.

Motorola Mobility Holdings Inc. (NYSE: MMI) shares shed 5% to $29.59, on volume of 3.4 million shares, just shy of its four-million-share daily average, after the cell-phone maker said it bought software developer Three Laws Mobility Inc. for an undisclosed sum late last year.

TER takes off, NOK connected, MMI drops

Thursday, January 27th, 2011

Teradyne Inc. (NYSE: TER) shares soared 11.2 percent to $16.27. Volume for TER was 13.8 million shares, better by more than twice its 5.8-million average, after the maker of semiconductor-testing equipment said its fourth-quarter profit more than tripled and gave an upbeat first-quarter forecast.

Nokia Corporation (NYSE: NOK) traded in 41.8 million shares Thursday, more than doubling daily average. Share prices slid, however, 1.2 percent to $10.60, as the company reported a 16-percent drop in fourth-quarter profit and offered a weak outlook.

Motorola Mobility Holdings Inc. (NYSE: MMI) shares dipped 11.7 percent to $30.70. Volume was 7.2 million shares, double its daily average, after the wireless-handset maker posted in-line fourth-quarter earnings but noted weaker-than-expected sales of some handsets.