- Dismantle Big Banks, Not 'Coddle' Them: Fed's Fisher
- Wall Street Hiring Again, but Top Talent Hard to Find
- Dell Shares Smacked as Earnings, Sales Miss Forecasts
- The 'Real' Jobless Rate: 17.5% Are Out of Work
- Oprah to Leave Syndication in 2011
- High-Roller Sues Harrah's After Losing Millions at Casino
- The Art of the High-End Comic Strip
- In a Tough Market, Luxury Condos Are Going to Auction
- Four Questions to Ask About the $6,500 Home Tax Credit
- Drugs, Booze and Vegas
- Expect a 5-10% Market Pullback: Stock Picker
- Dell Has Some Explaining to Do
- 3 Stock Picks for This Volatile Environment: Portfolio Manager
- Tamminen: California Is At It Again
- Iverson Wasn't A Popular "Answer"
- Nov. 19: Unusual Volume Leaders
- 3 Financial Stocks May Lead Final Rally: Market Researcher
- My Top 10 Marketing Ideas For Winless Nets
- S. Korean minister nixes new US trade negotiations
- Hawaii marine monument to welcome teachers
- Heidi Klum wows crowd at Victoria's Secret show
- Former CEO of Bricsnet indicted for embezzlement
- Caribbean territories feud over rum tax benefits
- High-roller files civil suit against Harrah's
- Case of SC's '3 Hebrew Boys' heads to jury
- Oil giant donates $1M to catalog Stevens papers
- Alcoa idles Italy smelters, hurting 2,000 workers
Text Size 
NEW YORK - Motorola Inc. is seeking to sell its largest division, which makes equipment for cable and wireless companies, according to a report Wednesday.
The Schaumburg, Ill., company is exploring a sale worth about $4.5 billion, according to The Wall Street Journal's Web site, which cited "people familiar with the matter."
A Motorola spokeswoman said the company would not comment on "rumor or speculation."
Potential buyers of the "Home and Network Mobility" unit include private-equity firms and makers of telecommunications equipment like Samsung Electronics Co. of South Korea and Huawei Technologies Co. of China, the Journal said.
Motorola shares fell 8 cents to close Wednesday at $8.77.
The company has two other divisions. Mobile Devices makes cell phones, and Enterprise Mobility makes police radios, bar code scanners and other equipment for government and corporate use.
The company's stated long-term plan has been to separate Mobile Devices from the other two divisions. That was originally supposed to happen this year, but the recession and the poor performance of the handset division forced Motorola to postpone that move indefinitely.
Home and Networks Mobility could be more attractive to buyers. Unlike Mobile Devices, it makes money, posting an operating profit of $199 million on sales of $2.1 billion for the third quarter.
Print
Email
- Alternative energy's hot spot is making a comeback after some dark days in the past year.
- Athena Health is offering an electronic records and billing system to boost cash flow and simplify payments.
- The world’s two largest carbon emitters — the US and China — may have put a nail in the coffin of a global carbon reduction agreement.
- Every investor knows the connection between stocks and the dollar. But is there any method to the market's madness?
- NBA’s New Jersey Nets have yet to win a game this year. How can they get people to see them play?
- CNBC contributor David Pogue looks at a wireless speaker system designed to play music throughout your home.
Data is a real-time snapshot *Data is delayed at least 15 minutes