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. OggNovember 10, 2006
Motorola Buys Good Technology: Palm and R-I-M Look Out!
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
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