Motorola Solutions Inc. and Huawei Technologies Co. said Wednesday they have agreed to settle all pending litigation between the companies. Get the full story »
Motorola Solutions
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Motorola bosses Jha, Brown see big pay hikes
Greg Brown and Sanjay Jha, the chief executives of Motorola Solutions Inc. and Motorola Mobility Inc. saw significant increases in their 2010 compensation from a year earlier, according to a proxy statement Motorola Solutions filed Tuesday with the U.S. Securities and Exchange Commission.
Motorola split into two independent companies in January, with Brown heading Motorola Solutions and Jha in charge of Motorola Mobility. In 2010, Brown’s total compensation was $13.7 million, compared with $8.5 million in 2009. Jha’s total compensation jumped to $13 million from $3.8 million. Get the full story »
March 15 at 11:53 a.m.
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Filed under: Government, Software, Technology, Telecommunications Motorola Solutions hits road for annual meeting
Schaumburg-based Motorola Solutions Inc. is holding its annual stockholders’ meeting in Washington, D.C. this year, going out of town for its first shareholders gathering as an independent company.
This year also marks the first time Motorola has held its stockholders meeting outside of the Chicago area. Get the full story »
Nokia Siemens wants new terms for Moto deal
Network equipment vendor Nokia Siemens Networks is seeking to renegotiate its $1.2 billion acquisition of network equipment assets from Motorola Solutions Inc., Bloomberg news agency says Tuesday citing “two people close to the situation”. Get the full story »
Motorola-NSN deal delayed by Chinese regulators
Chinese anti-trust regulators have extended their timeframe for reviewing Schaumburg-based Motorola Solutions Inc.’s planned sale of its networks business to Nokia Siemens Networks.
Motorola and NSN announced the $1.2 billion deal in July 2010 and the companies expected to close the deal by the end of 2010, but this deadline was delayed pending approval from the Chinese Ministry of Commerce’s Anti-Monopoly Bureau. The companies then targeted the first quarter of 2011 for closing the transaction, and Motorola had affirmed this timeframe as recently as two weeks ago. Get the full story »
Judge: Motorola can’t transfer Huawei technology
A federal judge has issued a preliminary injunction that prohibits Motorola Solutions Inc. from transferring confidential information by Chinese company Huawei Technologies to Nokia Siemens Networks, which is planning to buy Motorola’s networks business in a $1.2 billion transaction.
Huawei sued Motorola last month, arguing that the deal with NSN would represent a misappropriation of Huawei trade secrets. Motorola and Huawei have commercial agreements dating back a decade, during which Motorola bought Huawei network technologies and resold the equipment under its own brand. Get the full story »
Feb. 18 at 8:10 a.m.
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Filed under: Commercial real estate, Real estate, Technology, Telecommunications Motorola Solutions to lease out 2 buildings
From the Daily Herald | Motorola Solutions is offering for lease two major buildings on its Schaumburg campus to outside companies. After Motorola Inc. split on Jan. 4, the remaining Motorola Mobility equipment was transferred to Libertyville, so more space opened at the Motorola Solutions headquarters, located off Algonquin and Meacham roads. Get the full story>>
Icahn’s investment in Motorola declines in value
From Bloomberg News | Activist investor Carl Icahn is loading up on shares of Clorox, his most recent investment, after the shares of some of his other investments have declined in value. According to Bloomberg data, Motorola Inc. and Lions Gate Entertainment Corp. are worth less now than when Icahn’s stakes in the companies were first disclosed.
Motorola Solutions lays off 175 from WiMax unit
Motorola Solutions has laid off 175 employees in its networks business, which is slated to be sold to Nokia Siemens Networks in a $1.2 billion deal.
Motorola Solutions spokeswoman Tama McWhinney said the cuts took place in January and affected workers in Arlington Heights, as well as Fort Worth, Texas, and Tempe, Ariz. The company maintains a presence in all three cities. Get the full story »
Huawei sues Motorola over technology transfer
Chinese telecommunications company Huawei Technologies Co. sued Motorola and Nokia Siemens Networks Monday, seeking to stop the planned $1.2 billion sale of Motorola’s networks business to the European company.
The lawsuit, filed in U.S. District Court for the Northern District of Illinois, marks the first time Huawei has sued a U.S. company. Get the full story »
Motorola, Boeing in White House huddle with Hu
Before Thursday night’s big bash in Chicago where Mayor Richard Daley will welcome China’s President Hu Jintao to the Windy City, several business executives with Chicago connections met with the Chinese leader and President Barack Obama in a Wednesday afternoon gathering at the White House.
Attending the meeting were James McNerney, chairman and chief executive of Chicago-based Boeing Co. and Greg Brown, the president and chief executive of Motorola Solutions Inc. in suburban Schaumburg. Get the full story »
Motorola’s successors see shares rise after spinoff
Motorola Mobility and Motorola Solutions began trading separately on Tuesday, the final step in Motorola’s two-and-half-year process in becoming two independent companies.
Motorola’s longtime ticker symbol, MOT, was retired on Tuesday as Schaumburg-based Motorola Inc. began trading under its new name, Motorola Solutions, with the ticker MSI. Motorola Mobility, which was spun off as a new company, trades under the ticker MMI.
Shares of Motorola Mobility, which includes the smartphone and TV set-top business, closed 9.5 percent higher at $33.12. Shares of Motorola Solutions Inc , which targets businesses with products like barcode scanners, closed up $2.46, or 7.6 percent, at $39.77.
Motorola Mobility, Solutions to start trading Friday
Motorola Inc. isn’t officially breaking into two companies until Jan. 4, but shares of the two successor companies will start trading Friday on the New York Stock Exchange on a “when issued” basis.
The company is splitting into Motorola Mobility Holdings Inc., which will take the cell-phone and set-top-box manufacturing businesses, and Motorola Solutions Inc., which contains the more government- and corporate-facing parts of the company. It makes things such as police radios and bar-code scanners. Get the full story »
