MOTOROLA SOLUTIONS (NYSE: MSI), Huawei settle, paving way for delayed and discounted sale of Motorola unit – Dominion Lending Centres Clearlease Reports

MOTOROLA SOLUTIONS (NYSE: MSI), Huawei settle, paving way for delayed and discounted sale of Motorola unit – Dominion Lending Centres Clearlease Reports

NEW YORK, N.Y. – (April 14, 2011) Dominion Lending Centres Clearlease Reports MOTOROLA SOLUTIONS (NYSE: MSI) on Wednesday said it has settled with Chinese telecommunications equipment maker Huawei Technologies, which objected to the sale of a Motorola unit. That means the sale could close soon, but at a lower price than originally envisioned.

Motorola Solutions, one half of the former Motorola Inc., which broke up in January, said it will be getting $975 million for the sale of its network equipment unit to Nokia Siemens Networks, rather than the $1.2 billion promised when the deal was struck in July.

Motorola Solutions, which makes police radios, bar-code scanners and other products aimed at corporations and governments, didn’t say why the sale price was reduced, but the deal was originally set to close before the end of 2010.

It was stalled by Huawei, which won an injunction in U.S. court saying the deal could mean that its business secrets would end up in Nokia Siemens hands, since Motorola resold Huawei equipment starting in 2000.

In the settlement announced Wednesday, Schaumburg, Illinois-based Motorola Solutions will pay Huawei an undisclosed fee to transfer its contracts to Nokia Siemens. The deal allows Nokia Siemens to use confidential Huawei information to service the networks that Motorola deployed worldwide using Huawei’s technologies, the companies said.

Motorola Solutions spokesman Nick Sweers said the sale of the unit to Nokia Siemens still needs approval from Chinese antitrust authorities. If they give approval, the deal is set to close on April 29.

Nokia Siemens Networks is the network equipment-making joint venture of Nokia Corp (NYSE:NOK) of Finland and Siemens AG (NYSE: SI) of Germany.

Motorola Solutions shares rose 30 cents to $44.15 in midday trading Wednesday.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###
MOTOROLA SOLUTIONS (NYSE: MSI), Huawei settle, paving way for delayed and discounted sale of Motorola unit - Dominion Lending Centres Clearlease Reports

NEW YORK, N.Y. – (April 14, 2011) Dominion Lending Centres Clearlease Reports MOTOROLA SOLUTIONS (NYSE: MSI) on Wednesday said it has settled with Chinese telecommunications equipment maker Huawei Technologies, which objected to the sale of a Motorola unit. That means the sale could close soon, but at a lower price than originally envisioned.

Motorola Solutions, one half of the former Motorola Inc., which broke up in January, said it will be getting $975 million for the sale of its network equipment unit to Nokia Siemens Networks, rather than the $1.2 billion promised when the deal was struck in July.

Motorola Solutions, which makes police radios, bar-code scanners and other products aimed at corporations and governments, didn’t say why the sale price was reduced, but the deal was originally set to close before the end of 2010.

It was stalled by Huawei, which won an injunction in U.S. court saying the deal could mean that its business secrets would end up in Nokia Siemens hands, since Motorola resold Huawei equipment starting in 2000.

In the settlement announced Wednesday, Schaumburg, Illinois-based Motorola Solutions will pay Huawei an undisclosed fee to transfer its contracts to Nokia Siemens. The deal allows Nokia Siemens to use confidential Huawei information to service the networks that Motorola deployed worldwide using Huawei’s technologies, the companies said.

Motorola Solutions spokesman Nick Sweers said the sale of the unit to Nokia Siemens still needs approval from Chinese antitrust authorities. If they give approval, the deal is set to close on April 29.

Nokia Siemens Networks is the network equipment-making joint venture of Nokia Corp (NYSE:NOK) of Finland and Siemens AG (NYSE: SI) of Germany.

Motorola Solutions shares rose 30 cents to $44.15 in midday trading Wednesday.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###MOTOROLA SOLUTIONS (NYSE: MSI), Huawei settle, paving way for delayed and discounted sale of Motorola unit – Dominion Lending Centres Clearlease Reports

NEW YORK, N.Y. – (April 14, 2011) Dominion Lending Centres Clearlease Reports MOTOROLA SOLUTIONS (NYSE: MSI) on Wednesday said it has settled with Chinese telecommunications equipment maker Huawei Technologies, which objected to the sale of a Motorola unit. That means the sale could close soon, but at a lower price than originally envisioned.

Motorola Solutions, one half of the former Motorola Inc., which broke up in January, said it will be getting $975 million for the sale of its network equipment unit to Nokia Siemens Networks, rather than the $1.2 billion promised when the deal was struck in July.

Motorola Solutions, which makes police radios, bar-code scanners and other products aimed at corporations and governments, didn’t say why the sale price was reduced, but the deal was originally set to close before the end of 2010.

It was stalled by Huawei, which won an injunction in U.S. court saying the deal could mean that its business secrets would end up in Nokia Siemens hands, since Motorola resold Huawei equipment starting in 2000.

In the settlement announced Wednesday, Schaumburg, Illinois-based Motorola Solutions will pay Huawei an undisclosed fee to transfer its contracts to Nokia Siemens. The deal allows Nokia Siemens to use confidential Huawei information to service the networks that Motorola deployed worldwide using Huawei’s technologies, the companies said.

Motorola Solutions spokesman Nick Sweers said the sale of the unit to Nokia Siemens still needs approval from Chinese antitrust authorities. If they give approval, the deal is set to close on April 29.

Nokia Siemens Networks is the network equipment-making joint venture of Nokia Corp (NYSE:NOK) of Finland and Siemens AG (NYSE: SI) of Germany.

Motorola Solutions shares rose 30 cents to $44.15 in midday trading Wednesday.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

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