Revamped Motorola is rolling again
Article Abstract:
The stock of cellular phone maker Motorola Inc hit a 52-week high of $86.94 on Mar 12, 1999, more than double in the past eight months. The company has also announced the sale of its semiconductor components business to an investment group for $1.6 billion on cash and stock, reducing its stake in the unit to 10%. Motorola said that it will focus on its core businesses of semiconductor chips and wirelress communication systems.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Red Hat's IPO saors; CEO sees windfall
Article Abstract:
Durham, NC-based Red Hat Inc, the biggest seller of Linux operating system, saw its stock soar in its first day of trading as a public company. The initial public offering netted Red Hat C$84 million on six million shares sold at C$14 each. With the help of Mark Ewing, Red Hat was established by Robert Young, the company's chairman and chief executive who also hails from Hamilton, Canada.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Eaton's lenders in talks to sell debt. Eaton's gets green light on sales
- Abstracts: Angst in the on-line trading world. Regional airlines leery of new role. Small business clicking on electronic commerce
- Abstracts: Exxon spill marked as B.C. examines new drilling plan. Calgary firm helps Sudan exploit its oil. B.C. to offer stock option tax break
- Abstracts: Fund managers steer clear of turbulent Japan. Japan bails out Resona bank
- Abstracts: Linux craze sparks high-tech brain drain. RCMP raids Future Electronics offices