Telecom & Wireless
Motorola Tries To Find Shinola in Virtualization (MOT)
Published:
Last Updated:
Motorola, Inc. (NYSE: MOT) is making an investment through Motorola Ventures, which is its strategic venture capital arm. The company has decided to go after the virtualization field and has announced that it made an equity investment in VirtualLogix.
VirtualLogix is a maker of virtualization software for communications devices and infrastructure equipment. The good news is that Motorola is following the lead of other topfirms. Cisco Systems, Inc. (NASDAQ: CSCO), Intel Corp. (NASDAQ: INTC),and Texas Instruments (NYSE: TXN) are all listed as some of the backerson the VirtualLogix site.
Unfortunately there is no way to know if this was a big transaction or not as the financial terms of the investment were not disclosed. Motorola Ventures represents a diversified portfolio with a typical investment ranging from $3 million to $5 million.
Either way, it will end up being a small drop in the bucket for a company the size of Motorola. One investment in a hot sector is not going to garner much attention. It also isn’t likely to make a dent in the major issues facing Motorola.
You can join our open email distribution list to hear about other key financings, secondary offerings, IPO’s, and other special situation previews.
Jon C. Ogg
April 21, 2008
Robinhood set out to democratize investing to individuals, and it’s not slowing down. The app makes it possible to buy and sell stocks, mutual funds, trade options, and even cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
With FDIC insurance ,an award winning design, and benefits like IRAs and more, Robinhood could be your path to a richer tomorrow.
Sign up today — click here to start your journey.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.