Business Services Industry
Partners, products boost Motorola.(Markets)
Crain's Chicago Business, January, 2006 by Johnsson, Julie
Byline: Julie Johnsson Motorola Inc. shares soared last week as the company unveiled partnerships with Google Inc. and Yahoo Inc. and introduced a slew of new products melding music and mobile technologies. The Schaumburg electronics giant's stock closed at $24.34 Friday, up 8% for the week.
Motorola CEO Edward Zander is tapping into new technologies allowing mobile phone companies to offer products once offered exclusively by computer and consumer electronics makers. With the Google and Yahoo deals, Moto will develop phones that give users quick access to the Internet. Moto debuted its new Rokr music phone (pictured), which lets users download 500 songs. The previous version of the Rokr limited users to 100 songs.
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