Motorola to Buy Blue Wave

Motorola Inc., the No. 2 mobile phone maker, said it will buy software maker Blue Wave Systems Inc. for as much as $165 million in stock. Blue Wave is best known for its ComStruct software, which speeds up digital signal processing by as much as fivefold compared with conventional methods. Under the deal, Motorola would swap 0.3947 of a Motorola share for each Blue Wave share. Carrollton, Texas-based Blue Wave posted a profit of $917,000 on sales of $9.4 million in its fiscal second quarter. Shares of Schaumburg, Ill.-based Motorola closed off 97 cents at $17.33 on the Big Board, and Blue Wave shares rose 44 cents to close at $7.94 on Nasdaq.