Already a Bloomberg.com user?
Sign in with the same account.
Motorola Inc., the largest U.S. maker of mobile phones, may be an acquisition candidate for Dell Inc. (DELL), Hewlett-Packard Co. (HPQ) or Research in Motion Ltd. (RIM) in 2008, said David Garrity, director of research at Dinosaur Securities Inc.
``We may see a partnership or an outright acquisition,'' Garrity said in a telephone interview. ``Motorola's valuation is depressed. Given the convergence taking place between PCs and handsets, these companies need to do something to maintain their relevance to consumers.''
Motorola rose 18 cents, or 1.1 percent, to $16.48 at 4 p.m. in New York Stock Exchange composite trading (MOT). The stock has lost 20 percent this year. Garrity, a former managing director at American Technology Research, said that Schaumburg, Illinois- based Motorola may fetch between $22 and $23 a share in a buyout.
Hewlett-Packard and Dell are the world's largest computer makers, while Research in Motion makes the BlackBerry e-mail device.
A voicemail message left for Motorola spokesman Chuck Kaiser wasn't immediately returned.
To contact the reporter on this story: Allen Wan in New York at firstname.lastname@example.org.
To contact the editor responsible for this story: Chris Nagi at email@example.com.