How about MotoFail?
"MotoFail- It's not as soft anymore!"
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| Motorola set to ruin another company http://interceptradio.com/bbs/viewtopic.php?f=1&t=1781 |
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| Author: | Sean [ Mon Nov 05, 2007 2:36 pm ] |
| Post subject: | Motorola set to ruin another company |
MotoHam ? MotoSuck ? MotoJoke ? Anyone ? http://www.arrl.org/news/stories/2007/11/05/100/?nc=1 Motorola to Acquire Controlling Interest in Parent Company of Yaesu According to a press release issued by Motorola, Motorola USA has announced its intention to "launch a tender offer to acquire a controlling interest in Vertex Standard Co., Ltd." Vertex Standard is the parent company of Yaesu. Upon successful completion of the tender offer and subsequent restructuring process, Motorola will own 80 percent of Vertex Standard; Tokogiken, a privately held Japanese company, controlled by current president and CEO of Vertex Standard Jun Hasegawa, will retain 20 percent, forming a joint venture. The total purchase price for 80 percent of the outstanding shares on a fully diluted basis will be approximately ¥12.3 billion (approximately US $108 million). The bid will start November 6 and end on December 26. If the bid succeeds, shares of Vertex would be delisted from the Jasdaq Securities Exchange in Japan. According to Dennis Motschenbacher, K7BV, Yaesu's Executive Vice President for Amateur Radio Sales in North America, "I thought that the happiest and proudest day of my 45-plus years in Amateur Radio was when I was offered the opportunity to lead the Yaesu North American sales effort; however, being able to now announce this news to my fellow Amateur Radio operators takes over as the top life thrill for me! I am certain the good fortune that put me in this leadership chair at Yaesu now promises opportunities for me to do more for the technological future of Amateur Radio than I ever dreamed possible. I do not pretend to know the full extent of the positive impact this Motorola/Vertex Standard business arrangement will have on Amateur Radio -- I just know it is going to be terrific for all of us who love Amateur Radio for its public service and entertainment value, as well as its potential for us to make lifelong friendships in our neighborhoods and around the world." Saying that hams should not expect to see a line of Motorola Amateur Radio products, Motschenbacher said he sees the joint venture between Motorola and Vertex Standard "as a very good thing for Amateur Radio in general and Yaesu customers in particular. I hope our loyal customers will readily see this business venture for what it is, an opportunity to make a solid 50-plus year old Yaesu company even stronger and more formable than is already the case. There is absolutely no reason to have the slightest concern about equipment warranties and the continuation of support for our products. I am really excited to see what the joint engineering capabilities of these two huge communications companies will bring in the way of new technology advancement for the Amateur Radio service." Motorola said that the joint venture "will develop and sell Vertex Standard branded products and develop select Motorola branded products. The Motorola brand will continue to focus on higher featured, higher tier products and continue to utilize existing Motorola distribution channels. Vertex Standard's strength in the Amateur, Marine and Airband (Avionics) segments will also provide Motorola with access to new business opportunities. In addition, Vertex Standard's solutions are highly complementary with Motorola's products and will add greater depth and breadth to Motorola's Government and Public Safety business." According to Hasegawa, "The joint venture will give Vertex Standard access to Motorola's global distribution channels, presenting considerable opportunities for Vertex Standard to drive growth. We also expect to reduce costs, as we will benefit from Motorola's global scale and resources. With Motorola, Vertex Standard will be stronger and better positioned to deliver new and innovative 2-way radio solutions for professionals and consumers around the world." Motschenbacher said, "There is a unique aspect of business that comes with Amateur Radio. It's not just about a radio. It's the relationship between the ham, the radio itself and the company that makes that radio. This relationship in Amateur Radio is far different than it is, say, between a buyer of a HDTV, the TV and the TV manufacturer. The relationship in Amateur Radio is far more personal and "bonding", per se. I am certain that we will do our utmost to ensure that Motorola understands this delicate bond. Since Motorola is leaving the day-to-day management of Yaesu in the hands of my boss, Jun Hasegawa, President of Vertex Standard, we can expect our longtime relationship with hams to remain intact." Calling the joint venture "a good thing," Motschenbacher said, "Before working in the business side of Amateur Radio, my old business partner and I purchased a number of small companies in our line of business. More often than not, we found that bringing these new acquisitions into our existing family of companies added more to the overall success of the total group than expected. Therefore, I believe that this joint venture is not just a 1 + 1=2 equation -- I am positive that the outcome for our Amateur Radio customers is going to feel more like 1+1= 3 and that's a good thing!" And from the Motorola Press release Motorola Commences Tender Offer to Acquire Controlling Interest in Vertex Standard Co., Ltd., to Form Joint Venture with Tokogiken Transaction to Enhance Motorola’s 2-Way Radio Product Offering, Development Expertise and Channels to Market SCHAUMBURG, Ill. and TOKYO, JAPAN 5 November 2007 -- Motorola, Inc. (NYSE: MOT) announced today that its subsidiary, MI, Inc., will launch a tender offer to acquire a controlling interest in Vertex Standard Co., Ltd. (JASDAQ: 6821), a global provider of 2-way radio communication solutions. Upon successful completion of the tender offer and subsequent restructuring process, Motorola will own 80% of Vertex Standard and Tokogiken, a privately held Japanese company, controlled by Jun Hasegawa, current president and CEO of Vertex Standard, will retain 20%, forming a joint venture. On 5 November 2007, the Board of Directors of Vertex Standard expressed their support of the tender offer. “As a leading provider and pioneer in 2-way radio communication solutions, Motorola is an excellent strategic partner for our business,†|
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| Author: | Ken [ Mon Nov 05, 2007 7:12 pm ] |
| Post subject: | |
If you can't beat them... Buy them out!... I need to hurry up and get my 857D before Motorola sells of the division to China... Maybe I should buy two, I would hate to have something break, and get the Motorola treatment of not being able to support the radio because it is to old. :P |
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| Author: | Wilrobnson [ Mon Nov 05, 2007 7:22 pm ] |
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How about MotoFail? "MotoFail- It's not as soft anymore!"
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| Author: | Ken [ Wed Nov 07, 2007 8:31 am ] |
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And... [b]From Dennis, K7BV: Friends, By now, many of you may have heard that Vertex Standard Co., Ltd, (Vertex Standard USAâ?Ts parent company) announced that they have agreed to form a collaborative joint venture with Motorola, Inc. I personally believe the most important words in this sentence are "ocollaborative joint venture": a business relationship that indicates a far different outcome intent than the demise of one of the venture partners. Since Yaesu is the Amateur Radio Division of Vertex Standard, I am sure you are just as curious as me, a Yaesu employee with a job at stake, to know what this business transaction will mean to all of us in the hobby. Predictably, I see that the news about the pending new Motorola relationship with Vertex Standard, hence Yaesu, is giving life to all sorts of misinformation and "doomsday" |
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