Through TheFLY's Eyes: Symbol Technologies
A Play On RFID
Symbol Technologies (SBL) is supposedly putting itself up on the block according to news sources this morning. Symbol makes a lot of the wireless handheld equipment used in retailers to keep track of inventory.
Symbol has received a lot of attention from hedge funds and other more active investors seeking to play the potential boom in RFID, radio frequency identification. However, Symbol has become more of a trading vehicle for investors rather than a boom stock, trading between $10 and about $15 per share.
This morning Motorola (MOT) is speculated as a buyer. From this Fly's perspective it's worth the spec. The company is reasonably well run and there are merits to the RFID business. A large company may be able to bring a lot more to the table with Symbol's products and pay a much higher price than the $12.71 stock price the company closed at on Friday.