Motorola Solutions (NYSE:MSI), a provider of communications services and networks for public safety workers, added 44 basis points to the Fund’s return, as its stock rose 10.6% from $68.45 to $75.70. Investors cheered the acquisition of Airwave, Great Britain’s public safety communications network, which will increase Motorola’s earnings by more than 20%.
From the Parnassus Fund first quarter 2016 shareholder letter.
