Venugopal Dhoot, chairman of Videocon Group, India's largest consumer electronics maker,in a telecon at Mumbai talked about a possible bid for Motorola Inc.'s mobile-phone business.
``We are in consumer durables, we are in retail and we also have'' mobile-phone licenses in India, Dhoot said. Videocon needs a ``cellular phone supplier company so that we can complete the full chain,'' he said.
The following chart helps in concluding why Mr. Dhoot, says this. The stock is near 52 weeks low.
Motorola's handset business may be worth about $3.8 billion, according to Merrill Lynch & Co. estimates. That's more than double the market value of Videocon Industries Ltd., the group's listed company that failed last year to acquire Daewoo Electronics Corp. after creditors rejected a $711 million offer.
A successful bid by Videocon is ``very unlikely,'' said Richard Windsor, a Nomura International analyst in London. ``Indian companies don't have what is required to fix Motorola.''
To bring Motorola's handset business back to profitability a buyer will need experience in mobile-phone software, which Videocon lacks, said Windsor, who recommends holding on to Motorola stock.
``We are in consumer durables, we are in retail and we also have'' mobile-phone licenses in India, Dhoot said. Videocon needs a ``cellular phone supplier company so that we can complete the full chain,'' he said.
The following chart helps in concluding why Mr. Dhoot, says this. The stock is near 52 weeks low.
Motorola's handset business may be worth about $3.8 billion, according to Merrill Lynch & Co. estimates. That's more than double the market value of Videocon Industries Ltd., the group's listed company that failed last year to acquire Daewoo Electronics Corp. after creditors rejected a $711 million offer.
A successful bid by Videocon is ``very unlikely,'' said Richard Windsor, a Nomura International analyst in London. ``Indian companies don't have what is required to fix Motorola.''
To bring Motorola's handset business back to profitability a buyer will need experience in mobile-phone software, which Videocon lacks, said Windsor, who recommends holding on to Motorola stock.
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