Motorola To Sell Embedded Unit To Emerson For $350 Million
 

*Source: Information Week (http://www.informationweek.com/hardw...ed_ TechWeb)*
________
Motorola has agreed to sell its Embedded Communications Computing (ECC) business to Emerson Electric for $350 million in cash -- a move that will enable Motorola to focus more intently and with strengthened financial resources on its ailing cell phone business.

In a statement (http://www.motorola.com/mediacenter/...=8725_8654_23#) issued Friday, the companies said: "For Motorola, the transaction sharpens its focus on its core business and technologies and provides additional capital to drive further growth and enhance shareholder value." The deal is expected to close by the end of the year.

More...