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.