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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Moody's gives Motorola positive outlook after Nokia deal AFP - Tuesday, July 20 Send IM Story Print Moody's gives Motorola positive outlook after Nokia deal Slideshow: Full Photo Coverage: Personal Technology NEW YORK (AFP) - – US credit ratings agency Moody's lifted the outlook for Motorola from negative to positive on Monday after the US mobile phone maker sold most of its networks infrastructure division to Nokia Siemens Networks. "The change to a positive outlook reflects Motorola's improving credit profile as a result of the significant cash balances that Moody's expects the company will have following completion of the transaction," Moody's said. It said the move also reflects "the progress that the company has made in stemming the cash losses in its mobile devices unit, and the increasing likelihood that the mobile devices separation will happen as scheduled." Motorola plans to split into two separate companies next year, one focusing on handsets and the other on professional safety equipment. Earlier Monday, Finnish-German giant Nokia Siemens Networks said it would buy most of Motorola's wireless networks infrastructure assets for 1.2 billion dollars (926 million euros). Motorola enjoyed success with its popular Razr phone launched in 2005 but has been losing ground since then to Apple and Research in Motion, maker of the Blackberry, as well as to other major cellphone manufacturers such as Nokia, Samsung and Sony Ericsson. Motorola shares gained 5.60 percent on Wall Street on Monday to close at 7.92 dollars. Recommend Send IM Story Print Related Articles What This Chinese Hacker Could Teach Apple Forbes - 6 minutes ago Apps That Change The World Forbes - 6 minutes ago The World's Most Expensive Bicycles Forbes - 6 minutes ago Nine Technologies To Ease Pain Of Getting Old Forbes - 6 minutes ago Celebrities: Macs Vs. PCs Forbes - 6 minutes ago News Search Top Stories Google renewal reflects legal compliance: China Major step towards anti-HIV vaginal gel Peruvian detained in Mexico with 18 hidden monkeys Boeing, Airbus win orders worth over 23 billion dollars BP signs major offshore gas deal with Egypt More Top Stories » Related Full Coverage Personal TechnologyMobile phones & personal gadgets All Full Coverage » Most Popular Most Viewed Most Recommended Paris Hilton caught with cannabis in handbag Major step towards anti-HIV vaginal gel Boeing, Airbus win orders worth over 23 billion dollars World pays tribute to Mandela at 92 Philips reports six-fold rise in profits More Most Viewed » Reclusive top mathematician turns down prize, again Paris Hilton caught with cannabis in handbag Germany's 'Octopus oracle' keeps perfect record Who's right - the dolphin or the octopus? 3 Russian spy suspects due in US court More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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