Rim Semiconductor Company (fka RSMI)

[iOwnSomeNVEI]

I was looking up some old rivals and saw NXTV was not trading anymore, I thought they went under.
From the looks of it they were bought out by Motorola.

Anyone know more about his deal?

SCHAUMBURG, Ill., April 14 /PRNewswire-FirstCall/ -- Motorola, Inc. (NYSE: MOT) announced today that it has successfully completed its cash tender offer of $1.18 per share for all outstanding shares of common stock of Next Level Communications, Inc. (Nasdaq: NXTV).

Update:
I guess this is why MOT bought NXTV...

NXTV) Rohnert Park, CA--(BUSINESS WIRE)--Dec 31, 2002--Ace Communications Group, an independent communications company serving customers throughout southeast Minnesota, northeast Iowa, and northwest Michigan, will deploy equipment from Next Level Communications (Nasdaq:NXTV.Q) to deliver digital TV, high-speed Internet and voice services over existing telephone lines. Ace will initially use Next Level equipment to offer digital TV, high-speed Internet and telephone services to 4,000 customers in La Crescent, MN, with plans to roll out a similar bundle of voice, video and data services in other exchanges later in 2003. Ace will also use the Next Level platform to offer a digital TV, Internet and voice service package as a Competitive Local Exchange Carrier (CLEC) to 1,600 additional customers in Caledonia, MN, through its subsidiary, Ace Link Telecommunications.

Another Update:

Story Url: http://finance.lycos.com/home/news/story.asp?story=33830203



CHICAGO, April 14 (Reuters) - Wireless technology company Motorola Inc. (NYSE:MOT) on Monday said it completed its tender offer for shares of Next Level Communications Inc. (NASDAQ:NXTV) it does not already own after extending the deadline five times.

Motorola, based in the Chicago suburb of Schaumburg, Illinois, said about 13.3 million shares of Next Level were tendered when the offer expired at 5 p.m. EDT on Friday, April 11.

As a result of the tender offer, Motorola increased its ownership of Next Level's common stock to 88.7 percent from 74 percent. The company said it will acquire the remaining shares through a merger in which remaining shareholders can receive $1.18 per share in cash.

The world's No. 2 maker of cell phones raised its offer to $1.18 a share from $1.04 a share last month after encountering fierce opposition from Rohnert Park, California-based Next Level, which claimed the initial price was too low.

Next Level, whose technology allows telephone lines to transmit video and data services at high speeds, has suffered from the telecom spending slowdown. The company last week posted a narrower first-quarter loss as revenue rose 41 percent to $19.9 million.

Motorola acquired its majority stake in Next Level as part of its January 2000 purchase of General Instrument Corp.

Motorola said Next Level's shares will no longer be listed on the Nasdaq National Market once it completes the merger.

"With the tender offer successfully behind us, we can now begin the important work of re-integrating Next Level's business into our operations, providing a sound financial base to continue its development of compelling broadband solutions to wireline operators," said Christopher Galvin, chairman and chief executive of Motorola in a news release.

Shares of Motorola fell 10 cents or 1.3 percent to $7.90 on the New York Stock Exchange on Monday morning while shares of Next Level remained flat at $1.17 on the Nasdaq.

Anyone think this may happen to NV/RIM after that poison pill expires?
Would some company want to buy out RIM but not NV, It would not sound good for a big Co. to buy an entertaiment Co. when it only deals with communication technology?

just a thought