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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?


To: Scrapps who wrote (15075)4/29/1998 10:59:00 AM
From: W.F.Rakecky  Read Replies (1) | Respond to of 22053
 
Only 25% of company is being offered and ZD carries a lot of debt..does'nt appear to have taken off too quickly...hmmmmm.....sleeper???



To: Scrapps who wrote (15075)4/29/1998 3:30:00 PM
From: David Lawrence  Read Replies (1) | Respond to of 22053
 
Hummm. MOT line products wouldn't sell, so they kept a stake and went with an investment group.

Motorola Reaches Agreement to Sell Transmission Products Division To
International Investor Group

CPATH, Inc., Formed to Capitalize on the Ongoing Business and
Further Expand Award-Winning SURFR Series(R) Product Line

MANSFIELD, Mass., April 29 /PRNewswire/ -- Motorola's Information Systems
Group (ISG) today announced it has signed a definitive agreement with an
international group of investors to sell its Transmission Products Division
located in Huntsville, Ala. The transaction is expected to be complete on or
about May 8, 1998. The new business will be named CPATH, Inc., and will be
headquartered in Huntsville, Ala., the site of the existing Motorola division.
Motorola, Inc. will retain an equity interest in CPATH, Inc.
"The sale to these investors represents an investment in the excellent
manufacturing, customer support, sales channels and employee base developed
over the years by Motorola," said Iain Morris, Motorola corporate vice
president and former general manager of the Huntsville division.
"We believe our customers will be pleased with the services and quality
products CPATH will offer as we expand into the consumer electronics market,"
said Rick Lane, vice president and general manager of TPD's Mass Market
business and future chief executive officer of CPATH, Inc. "We will market
our successful SURFR Series of communication products, and will also
capitalize on our manufacturing and customer service competencies to provide
even more value for the customer."
Motorola will continue to develop corporate, cable and software modems at
other facilities. In addition, Motorola products produced in Huntsville,
including terminal adapters and some modem lines, remain in the Motorola
portfolio. Motorola will provide customer service and support for modems
previously sold by the Transmission Products Division.
As previously announced, Motorola plans to release V.90-compliant
software upgrades in Q2 1998 for customers who purchased SURFR Series modems.
Motorola will provide information about these upgrades on its Web site:
www.motorola.com/modems.
Although CPATH plans to expand its product portfolio, it will continue to
manufacture and distribute the award-winning SURFR Series, including the
ModemSURFR 56K, VoiceSURFR 56K, MobileSURFR 56K and BitSURFR Pro. The SURFR
Series of products is used in homes and businesses for Internet access,
telecommuting and other computer communication applications.
Motorola's Information Systems Group (ISG) develops, builds, and markets
solutions that help customers profit from the power of multimedia business
and personal communications. Product families include cable, corporate and
software modems, and a broad range of internetworking equipment. ISG is part
of Motorola's Messaging, Information and Media Sector (MIMS). ISG information
is available on the World Wide Web at www.motorola.com/isg.
Motorola is one of the world's leading providers of wireless
communications, semiconductors, and advanced electronic systems, components,
and services. Major equipment businesses include cellular telephone, two-way
radio, paging and data communications, personal communications, automotive,
defense and space electronics and computers. Motorola semiconductors power
communication devices, computers and millions of other products. Motorola's
1997 sales were $29.8 billion.
Motorola is a registered trademark of Motorola, Inc.
CPATH is a trademark of CPATH, Inc.
SURFR Series is a registered trademark of Motorola, Inc.