Wednesday, April 13, 2011

Motorola (NYSE:MSI) Lowers Sale Price of Network-Equipment Assets

Motorola Solutions (NYSE:MSI) announced today it has lowered the sale prices on its network-equipment assets from $1.2 billion to $975 million. Prospective buyers Nokia Siemens Networks (NYSE:NOK) (NYSE:SI) should welcome the news.

China’s Huawei and Motorola also settled a dispute, whereby Motorola agreed to pay an unspecified amount to Huawei as it transfers its commercial agreements to Nokia Siemens Networks.

The disagreement was concerning a dispute over trade secrets between the two companies.

Motorola Solutions was trading at $44.11, gaining $0.26, or 0.59 percent, as of 1:21 PM EDT.

No comments: