S&P: Motorola unchanged

Standard & Poor's said that Motorola Inc.'s (A-/stable/A-1) pending $3.9 billion cash acquisition of unrated Symbol Technologies Inc., expected to close around the end of the year, would not affect its ratings or outlook on Motorola.

The acquisition is expected to bolster Motorola's presence with enterprise customers and supplement the company's existing Networks and Enterprise segment, the agency said.

S&P added that Motorola will continue to have a robust balance sheet, with a net cash position relative to funded debt. Motorola generated $3.6 billion in free operating cash flows for the four quarters ended June 30.

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