Motorola Solutions (NYSE:MSI) is a global leader in commercial radio systems and public safety communication infrastructure products and services. Motorola Solutions’ shares benefited from board membership and capital infusion by respected technology private equity firm SilverLake Partners, and reduced fears that the company’s core public safety radio products were becoming obsolete. Furthermore, Motorola’s aggressive share repurchase throughout the last 12 months increased per share value. We believe Motorola Solutions will continue to repurchase shares as long as the stock price remains at attractive levels.
From Wallace Weitz (Trades, Portfolio)'s Weitz Value Fund 1st quarter 2016 commentary.
