SCHAUMBURG, Ill. (
could announce a $1.2 billion sale of much of its equipment division to
Nokia Siemens Networks
as early as Monday, according to a published media report.
The report, published on
The Wall Street Journal's
Web site Sunday, cited anonymous sources familiar with the matter.
Earlier this week,
on such a sale.
Nokia Siemens is a joint venture of Finland's
Motorola is in the process of splitting into two companies -- one for networking equipment, the other for mobile phones and TV set-top boxes.
Shares of Motorola closed Friday down 22 cents at $7.50.
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This article was written by a staff member of TheStreet.