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December 22, 2010, 12:55 PM EST
By Hugo Miller
(Updates with Motorola Mobility shares in last paragraph.)
Dec. 22 (Bloomberg) -- Motorola Mobility Inc., the smartphone maker being spun off from Motorola Inc., bought software company Zecter Inc. to help consumers transfer music more easily between its handsets and other devices.
Zecter’s ZumoCast and ZumoDrive software let users move content from phones to computers and tablet devices, Motorola Mobility said today in a statement. The price wasn’t disclosed.
Motorola Mobility, which begins trading as a separate company next month, is trying to distinguish itself from Samsung Electronics Co. and HTC Corp., which also build phones based on Google Inc.’s Android software. Verizon Wireless, the largest U.S. wireless carrier, said yesterday it will release a Motorola phone for its new high-speed wireless network next year.
Motorola, based in Schaumburg, Illinois, gained 10 cents to $9.10 at 12:28 p.m. in New York Stock Exchange composite trading. Before today, the shares had climbed 16 percent this year.
Motorola Mobility, which is trading on a preliminary basis under the symbol MMI-W, rose $1.81 or 6.5 percent, to $29.55. The stock will began trading on the New York Stock Exchange on Jan. 4 with the ticker MMI.
--Editors: Ville Heiskanen, Peter Elstrom
To contact the reporter on this story: Hugo Miller in Toronto at hugomiller@bloomberg.net
To contact the editor responsible for this story: Peter Elstrom at pelstrom@bloomberg.net
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(Updates with Motorola Mobility shares in last paragraph.)
Dec. 22 (Bloomberg) -- Motorola Mobility Inc., the smartphone maker being spun off from Motorola Inc., bought software company Zecter Inc. to help consumers transfer music more easily between its handsets and other devices.
Zecter’s ZumoCast and ZumoDrive software let users move content from phones to computers and tablet devices, Motorola Mobility said today in a statement. The price wasn’t disclosed.
Motorola Mobility, which begins trading as a separate company next month, is trying to distinguish itself from Samsung Electronics Co. and HTC Corp., which also build phones based on Google Inc.’s Android software. Verizon Wireless, the largest U.S. wireless carrier, said yesterday it will release a Motorola phone for its new high-speed wireless network next year.
Motorola, based in Schaumburg, Illinois, gained 10 cents to $9.10 at 12:28 p.m. in New York Stock Exchange composite trading. Before today, the shares had climbed 16 percent this year.
Motorola Mobility, which is trading on a preliminary basis under the symbol MMI-W, rose $1.81 or 6.5 percent, to $29.55. The stock will began trading on the New York Stock Exchange on Jan. 4 with the ticker MMI.
--Editors: Ville Heiskanen, Peter Elstrom
To contact the reporter on this story: Hugo Miller in Toronto at hugomiller@bloomberg.net
To contact the editor responsible for this story: Peter Elstrom at pelstrom@bloomberg.net
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