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Motorola Slips as Talk Heats Up of Siemens Deal

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Motorola (MOT) was down 1.3% in preopen Instinet trading. A report in The Wall Street Journal says the company is working with Siemens (SI) - Get SILVERGATE CAPITAL CORP. Report to create a joint venture linking their cellular networks or handset businesses, or possibly both.

The

Journal

said the venture could create businesses worth between $20 billion and $25 billion, but the talks are still at a delicate stage and could fall apart.

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The companies declined comment on the talks, but a Siemens spokesman told the newspaper that rumors have been circulating for months.