Hi Dalin! Maybe QCOM is going to profit from the following....?????? MOT as I said before is up 50% last few days.
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Motorola Merges Automotive and Telematics Businesses to Form the Automotive Communications & Electronics Sector 'ACES'
New Group to Provide Advanced Automotive Technology and Relentless Focus On Automotive Customers
NORTHBROOK, Ill., April 18 /PRNewswire/ -- In a move that reinforces its commitment to its automotive customers and positions itself for strategic growth, Motorola (NYSE: MOT - news) today announced the formation of a new automotive communications and electronics group as part of the Integrated Electronic Systems Sector (IESS). The newly formed Automotive Communications & Electronic Systems Group (ACES) combines the proven competencies of IESS' successful Telematics Communications Group and its Automotive and Industrial Electronics Group. The primary goal of ACES is to bring significantly greater focus to the automotive customer with a broader portfolio of automotive electronics solutions, increased collaboration, enhanced communications and a deep commitment to the automotive industry.
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ACES brings together the Telematics Communications Group's (TCG) expertise in automotive telematics and software solutions and the Automotive and Industrial Electronics Group's (AIEG) expertise in powertrain, and chassis and body electronics to enable the integration of systems and platforms. This will allow ACES to leverage full systems capabilities for its common customer base.
The ACES Group, will be headed by Marios Zenios, senior vice president and general manager, formerly general manager of TCG. Under Zenios will be four business units: the Automotive & Industrial Electronics Group, led by Tom Alger, corporate vice president and general manager; the Telematics Communications Group led by Ray Sokola, corporate vice president and general manager; the Automotive Communications Systems Business, led by Brian Santoro, vice president and general manager; and the Systems Platforms & Applications Business, led by Mike Bordelon, corporate vice president and general manager. Tony Mampilly, corporate vice president, will be responsible for operations for the group.
``The automotive electronics market is taking off in many new directions, and as a result, customer needs and expectations are greater than ever,'' said Zenios. ``By forming ACES, Motorola is demonstrating its commitment to its customers by delivering the latest technologies more quickly and more efficiently than our competitors.''
Each group brings with it impressive statistics which, when combined, make ACES a formidable leader in the automotive electronics industry: More than 65 million telematics and automotive electronics units have been sold since January 1999 and approximately $8 billion in awards over the next five years have been booked. ACES has over 25 OEM customers and facilities in more than 18 cities and countries. Motorola is a recognized leader in electronic engine controls and heavy vehicle applications, and with more than 1.5 million Telematics units sold since January 1999, it is the recognized leader in the rapidly growing Telematics car market. In line with its lead position in current Telematics technologies, Motorola also is investing heavily in technology development that is creating advanced networked and entertainment Telematics car markets.
With ACES, Motorola stands at the forefront with its ability to be a major player in the market as the powerful automotive electronics and communications industries converge. Motorola is uniquely positioned within the these arenas to provide its customers with the best, most innovative products, unmatched customer support, and optimized potential for competitive advantage with the deepest product portfolio of any single manufacturer of automotive and communications technologies.
``We have the best of everything to offer our customers: expertise, innovation, resources, leadership, and the right products at the right time,'' said Zenios. ``We have the core competencies within ACES to focus on customers in key product segments -- powertrain, body and chassis, telematics and communications.''
The formation of ACES is just one step Motorola is taking to provide smart products and a better life with its embedded electronic solutions that are designed into our customer's products for the person, home, work team and car.
About Motorola
Motorola Automotive Communications & Electronic Systems Group (ACES) is a part of the Motorola Integrated Electronic Systems Sector (IESS). ACES was formed in 2001 and focuses on providing its customers with electronics and communications systems for the automotive space. IESS is a leading provider of advanced electronic products and systems for customers integrating electronics into their products. Motorola IESS solutions provide the brains -- the DigitalDNA(TM) -- that make electronic systems simpler, safer, smarter and more synchronized.
Motorola, Inc. (NYSE: MOT - news) is a global leader in providing integrated communications solutions and embedded electronic solutions. Sales in 2000 were $37.6 billion.
www.motorola.com
MOTOROLA, the Stylized M Logo and all other trademarks indicated as such herein are trademarks of Motorola, Inc. (R) Reg. U.S. Pat. & TM. Off. All other product or service names are the property of their respective owners.
CONTACT: Jon Nelson, 847-480-6844, jon.nelson@motorola.com , or Tim McCarthy, 847-907-8933, tim.mccarthy@motorola.com , both of Motorola, Inc. |
