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Technology Stocks : Intellisync Corp (SYNC)

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To: richardred who wrote (43)	11/17/2005 12:24:41 AM
From: richardred	Read Replies (1) of 67

>Schaumburg, Illinois-based Motorola trails only Finland's Nokia (NOK1V.HE: Quote, Profile, Research) in the global market for cell phone sales but many analysts believe the U.S. company's Razr family puts it way ahead in terms of phone designs. Garriques said he expects sales of the Razr to continue to be strong and to peak in 2007. Asked about Nokia's $430 million agreement to buy mobile e-mail management company Intellisync Corp. (SYNC.O: Quote, Profile, Research) , Garriques said he knew the company had been up for sale but was not willing to pay as much as Nokia. "We didn't believe it would have differentiated us enough to be worthy of those types of valuations," he said. Garriques also said that Motorola does not plan to join a group of vendors, including Nokia, that recently complained about wireless technology developer Qualcomm Inc.'s (QCOM.O: Quote, Profile, Research) competitive practices to the European Commission. Motorola's shares closed up 24 cents or more than 1 percent at $22.78 on the New York Stock Exchange on Wednesday. yahoo.reuters.com

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