Motorola will be sold ?
This is not a very new news: Nokia Siemens Networks will buy Motorola's telecom network equipment business for $1.2 billion.
Just for cell phone, some people used Motorola's cellphones, They were really not good quality or they might not have good design, so, for exmple: me, I will never buy Motorola cellphone. My case is just very little example for the Motorola's market.
Part of news report:
(Reuters) - Nokia Siemens Networks will buy Motorola's telecom network equipment business for $1.2 billion, in an effort to add mew customers in markets such as Japan and North America where it has been seeking growth.More information please read reutersThe idea is that a bigger Nokia Siemens Networks -- a venture of Nokia and Siemens -- would compete better than either company could have alone against rivals Sweden's Ericsson, China's Huawei and France's Alcatel-Lucent.
Motorola and NSN have had a hard time battling bigger players to win business with large telephone companies in the cut-throat mobile gear market, which is expected by analysts to decline this year.
RBC Capital analyst Mark Sue said while the sale price was much lower than his expectation for a $2 billion to $3 billion deal, it still made sense for Motorola to sell the assets.
"It's one of those things they had to do. They're too small to have a serious impact on the carrier market and it's a declining business longer term," he said.
Motorola shares were up 26 cents or 3.47 percent at $7.76 in afternoon trading on the New York Stock Exchange where Nokia's US shares were up 7 cents, or 0.8 percent.