[aprssig] End-of-Life-Notice for all Motorola Products
ne1b at adelphia.net
Thu Jun 16 11:54:13 CDT 2005
Probably something to do with the following announcement:
SiRF Technology Acquires Motorola's GPS Chip Set Product Lines
Strengthens its Market Leadership Position & Becomes Preferred GPS Supplier
SAN JOSE, Calif. - June 2, 2005 - SiRF Technology Holdings, Inc. (NASDAQ:
leading provider of GPS-enabled location technology, today announced that it
Motorola, Inc.'s GPS chip set product lines. As part of the agreement, SiRF
also has become a
preferred GPS technology supplier to Motorola.
SiRF will integrate into its product portfolio Motorola's existing GPS chip
including the MG2000 used in telematics applications and the MG4x00 (Instant
GPS) used in
cellular handsets and for public safety two-way radio designers across a
range of mobile
Motorola Page 2
platforms. To further enhance its GPS offering, SiRF also has acquired the
rights to some of the
GPS chip set products that Motorola currently has under development. SiRF
will continue to
collaborate with Motorola to source and integrate robust and competitive GPS
future Motorola products.
Under the terms of the agreement, SiRF has acquired Motorola's GPS chip set
lines and entered into a supply agreement with Motorola for a total payment
of $20.0 million in
cash. The Board of Directors of SiRF has approved the acquisition.
SiRF is focused on providing GPS enabled location technology for high-volume
consumer devices and commercial applications, including automobile
navigation and Telematics
systems, mobile phones, mobile consumer devices and PDAs. SiRF currently has
employees and is headquartered in San Jose, California, with major
Motorola's GPS business has about 40 employees, based in Tempe, Arizona and
"The opportunity to acquire a team with a critical mass of GPS expertise,
that complement our existing products, and a very strong customer base were
decisive factors in
making this transaction," said Dr. Michael Canning, president and chief
executive officer of
SiRF. "We believe that combining the strengths of our two teams will enable
us to provide
broader product offerings and better overall support infrastructure to serve
Motorola and our
other customers worldwide."
"SiRF is well recognized in the industry as a leading global supplier of GPS
Motorola has already successfully collaborated with SiRF on a variety of
programs," said Mr.
Kieran O'Sullivan, vice president of Motorola's Automotive Telematics,
Aftermarkets Business. "This is a win-win for Motorola since our customers
will benefit by
Motorola Page 3
receiving more focused resources from a fantastic partner, and it allows us
to focus on our core
automotive business by leveraging strategic relationships like the one we
have with SiRF."
Motorola's GPS chip sets are integrated in a variety of products and
include the Motorola Telematics systems for automobile manufacturers, select
phones for mobile operators worldwide, and Motorola's GPS-enabled two-way
radio systems for
public safety organizations.
"Motorola is a leader in the integration of GPS in a range of wirelessly
systems, especially in two of our key target platforms - automotive and
wireless handsets - and
we are pleased for the opportunity to become a preferred supplier of GPS
technology to them,"
said Kanwar Chadha, founder of SiRF. "Strategic collaboration with Motorola
in the GPS
enabled location technology field will enable our two companies to drive a
shared vision of
accelerating the development and adoption of location-enabled products for
commercial mass markets."
SiRF expects the transaction to result in a revenue upside of about ten
percent for the
second half of 2005. EPS impact is expected to be non dilutive for the rest
of the year 2005 and
be accretive for the calendar year 2006.
About SiRF Technology
SiRF Technology Holdings, Inc. is a leading supplier of GPS enabled location
technology for high-volume mobile consumer devices and commercial
technology has been integrated into mobile consumer devices, such as
systems, mobile phones, PDAs, GPS-based peripherals and handheld GPS
and into commercial applications, such as asset tracking devices and fleet
SiRF markets and sells its products in four target platforms: automotive,
mobile computing and wireless devices. Founded in 1995, SiRF is
headquartered in San Jose,
California, and has sales offices, design centers and research facilities
around the world. The
company trades on the NASDAQ Stock Exchange under the symbol SIRF.
information about SiRF and its location technology solutions can be found at
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