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Friday, November 10, 2006

Motorola Buys Good Technology: Palm and R-I-M Look Out!

Motorola (MOT)has announced it is acquiring Good Technology, a private company that develops a wireless email and data system that includes software, services, and handhelds for mobile workers in the enterprise. Good Technology is one of the companies that has been noted as a potential IPO on numerous occasions.

Motorola has already bitten into Palm (PALM) with the launch of its Q phone that is thinner but almost identical to some palm phones. The acquisition will extend Motorola's mobile computing capabilities and increase the company's enterprise client base. Good Technology's software and service offerings have been chosen by more than 12,000 enterprises around the world.

Motorola has an existing business relationship with Good Technology using Good Mobile Messaging on the Motorola Q. The deal is set to close in early 2007 and financial terms were not disclosed.

MOT shares have not really moved, but Palm (PALM) shares are now down 1.2% at $14.75 and Research-in-Motion (RIMM) shares are now down 2% to $122.21.

Jon C. Ogg
November 10, 2006
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