Nokia Siemens

Motorola's sale of its network-equipment division to Nokia Siemens Networks seems to have hit another hiccup. Chinese telecom-equipment maker Huawei has won a preliminary U.S. court injunction against Motorola, a Huawei vendor, arguing that the deal would transfer confidential information to a competitor.

Nokia Siemens's planned acquisition of the bulk of Motorola's wireless-network business likely won't happen this year. Chinese regulators are still reviewing the deal, and Nokia Siemens now expects approval -- and the completion of the purchase -- will have to wait until the first quarter of 2011.

Nokia Siemens Networks' chief financial officer says the telecom equipment maker may launch an IPO in its distant future, a move that could help its current efforts to sell a chunk of its stock to private equity buyers.

Motorola's second-quarter performance beat Wall Street's earnings expectations thanks to sales of its ES400 personal digital assistant to businesses, and issued a third-quarter forecast that was higher than analysts' expectations based on the strength of its popular new Droid X smartphone.

Nokia Siemens Networks plans to buy a significant portion of Motorola's wireless network equipment assets for $1.2 billion cash, the companies announced Monday. The joint-venture of Nokia (NOK) and Siemens (SI) will push the venture into the No. 3 spot in the U.S. for wireless equipment companies...