Newspaper wrap-up: Motorola, Nortel may form joint venture with wireless-infrastructure units

Posted Feb 11th 2008 8:45AM by Laurie Pasternack
Filed under: Newspapers, Magazines, Microsoft (MSFT), Yahoo! (YHOO), Motorola (MOT), Sony Corp ADR (SNE), Oracle Corp (ORCL), Nortel Networks (NT), salesforce.com inc (CRM)

MAJOR PAPERS:

A slowdown in growth in the telecommunications equipment industry may result in a joint venture between Motorola Inc (NYSE: MOT) and Nortel Networks Corporation (NYSE: NT), that would have combined sales of about $10B, the Wall Street Journal reported.
The Wall Street Journal also reported that Yahoo! Inc's (NASDAQ: YHOO) board is planning to reject the Microsoft Corporation (NASDAQ: MSFT) bid of $31 per share, feeling that Microsoft would be taking advantage of a deteriorated Yahoo! share price. Sources said Yahoo! will not consider any offer under $40 per share.
Sony Ericsson, a joint venture between Sony Corporation (NYSE: SNE) and LM Ericsson Telephone Company (NASDAQ: ERIC), admitted that its business is weak in India, China, and the U.S. The joint venture has designated those three countries as priorities, the Financial Times reported.

WEB SITES:

According to a source, the Silicon Alley Insider reported that Yahoo! is expected to let go 1,000 employees or more during the week of February 12.
SiliconValleyWatcher "heard" from a very reliable source that Salesforce.com Inc (NYSE: CRM) has approached Oracle Corporation (NASDAQ: ORCL) over a potential sale of itself for $75 per share.

Tags: CRM, ERIC, Ericsson, layoffs, MOT, Motorola, Nortel, Nortel Networks, NortelNetworks, NT, Oracle, ORCL, Salesforce.com, SNE, Sony, Sony Ericsson, SonyEricsson, Yahoo, YHOO

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Reader Comments (Page 1 of 1)

2-11-2008 @ 12:48PM

Julian Crawford said...

Regarding Motorola and Nortel

The former Lucent bet on the wrong horse when they got in bed with Alcatel. Lucent should have joined forces up with Motorola. Lots of people would have been layed off from both Motorola and Lucent. But it sure would have been a much better strategic fit for both companies and for the US as well. Lucent joinging Alcatel was a bust and a lot of us predicted that. Too bad Lucent cannot unwind this mess. I see Alcatel-Lucent unravelling over the next two years like the DaimlerChrysler mess.

Any wonder why recently so many of the former Lucent Executives have left Alcatel-Lucent?

2-12-2008 @ 11:26AM

phil said...

The two companies have tried a jv before and failed:
http://www.lightreading.com/blog.asp?blog_sectionid=217&doc_id=145684

2-13-2008 @ 3:26PM

JOSEPH W. HOLMES said...

Why just a joint venture,why not sell out complete
to Nortel, Should have made such a move months ago.Motorola needs someone to save them. they are going down a slippery slope right in to bankruptcy.If not Nortel any of a dozen such companies that might be intrested.
Joseph W. Holmes