Motorola will join Cisco to purchase Bosch unit

Article Abstract:

California-based Cisco Systems Inc. has joined with Illinois-based Motorola Inc. to jointly acquire Bosch Telecom Inc. for undisclosed terms. SpectraPoint Wireless, a new company to be formed by Motorola and Cisco, will acquire Robert Bosch GMBH's Texas unit. Industry analysts have said that the new company will be a leader in the development of local multipoint distribution services (LMDS) technology. LMDS is attracting the interest of major telecom firms because it offers high-speed Internet access.

Telephone Apparatus Manufacturing, Data Communications Equip, Computer network equipment industry, Network hardware industry, Data communications equipment, Motorola Inc., Cisco Systems Inc., Bosch Telecom Inc.

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Philips offers $17 per share for VLSI

Article Abstract:

Royal Philips Electronics NV began a full-fledged proxy effort to acquire VLSI Technology Inc. following the US firm's unwillingness to engage in formal talks. Philips announced that it was directly making VLSI shareholders a $17 per share offer. This gives VLSI a value of $777 million. Philips stated that it would prefer if VLSI would engage in negotiations instead. VLSI is a computer chip maker.

Comment:

Philips begins full-fledged proxy effort to acquire VLSI Technology

Semiconductors and related devices, Semiconductor and Related Device Manufacturing, Netherlands, Integrated & Hybrid Circuits, Semiconductor industry, Planning, Koninklijke Philips Electronics N.V., Abstract, VLSI Technology Inc., VLSIG

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Emerson to buy Ericsson unit for $725 million

Article Abstract:

Emerson Electric Co. will acquire Ericsson Energy Systems for $725 million (714 million euros). Ericsson Energy is a subsidiary of Telefon AB LM Ericsson.

Sweden, Emerson Electric Co., EMR, Ericsson Energy Systems

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