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Wednesday, 13 April 2011 - Motorola and Huawei settle trade secret dispute |
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    Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read TEPCO still working on plan to end Japan nuclear crisis 9:45am EDT Atop new poll, Trump slams China, OPEC and Obama 12 Apr 2011 JPMorgan Q1 profit up 67 percent; can it be repeated? 11:37am EDT TEPCO still working on plan to end Japan nuclear crisis | 9:17am EDT Obama deficit plan to seek tax reform, spending cuts 11:32am EDT Discussed 144 China tells U.S. to quit as human rights judge 140 Reid says Republicans want shutdown to close clinics 116 Obama, Congress struggle to find budget deal Watched South Korean "super gun" packs hi-tech killing power Mon, Feb 14 2011 Argentine models bare it all Thu, Apr 7 2011 X-47B - the future of autonomous aerial warfare Fri, Feb 11 2011 SMALL BUSINESS Do fries go with that app? Worried about how many calories you are going to consume in a serving of fries? A new iPhone application may help. After taking a picture of the meal with the phone, the app gives a calorie read-out almost instantly  Full Article  Caribbean rum maker looks to tap U.S. market Startup targets online vacation rentals Motorola and Huawei settle trade secret dispute Tweet Share this By Paul Thomasch NEW YORK (Reuters) - Motorola Solutions Inc and China's Huawei Technologies Co have settled a legal dispute over trade secrets, clearing the way for Motorola to complete the sale of one of its business units to Nokia Siemens... Email Print Related News Cisco kills Flip camera in first revamp step Tue, Apr 12 2011 Special Report: The U.S. and China start an M&A Cold War Tue, Apr 12 2011 Spin-offs to boost industrial dealmaking Tue, Apr 5 2011 UPDATE 2-Ex-Goldman programmer gets 8 years for code theft Fri, Mar 18 2011 UPDATE 8-Japan supply squeeze worries spread to telco gear Wed, Mar 16 2011 Analysis & Opinion Tech wrap: HTC trumps Nokia How SecondMarket works Related Topics Technology » Media » Stocks     The headquarters of Huawei Technologies Co. Ltd. in a file photo. Credit: Reuters/Stringer By Paul Thomasch NEW YORK | Wed Apr 13, 2011 10:12am EDT NEW YORK (Reuters) - Motorola Solutions Inc and China's Huawei Technologies Co have settled a legal dispute over trade secrets, clearing the way for Motorola to complete the sale of one of its business units to Nokia Siemens Networks. The settlement puts to rest charges by Huawei that Motorola, one of its long-standing partners, could disclose a variety of its trade secrets in selling a networks business to rival Nokia Siemens Networks. Motorola agreed to pay an unspecified transfer fee to Huawei as part of the settlement, it said on Wednesday. At the same time, Motorola lowered the sale price of the networks business to Nokia Siemens, a venture of Finland's Nokia Oyj and Germany's Siemens AG, from $1.2 billion to $975 million. That should help ensure the deal goes through by April 29, Motorola said in a filing with regulators. The deal between Motorola and Nokia Siemens was thrown into doubt in January when Huawei filed its lawsuit, demanding that the transaction be altered to avoid infringing on intellectual property rights. At the time, Huawei said that it filed the lawsuit because Motorola, its partner since 2000, did not give it any assurance that it would not transfer Huawei information to Nokia Siemens. Huawei had charged that due to their relationship, Motorola has information including plans for future products and technical specifications related to product performance and testing. Motorola itself filed suit against Huawei in July alleging theft of trade secrets via former Motorola employees who gave information to Huawei's founder. Nokia Siemens, or NSN, had grown impatient to close the deal, originally due to occur by the end of last year. For Nokia Siemens, the delayed Motorola deal was intended to strengthen it against Chinese rivals and make it the second-largest mobile telecom gear maker ahead of Huawei. The delay, according to analysts, may also have been holding up plans by the parent companies of Nokia Siemens to sell a minority stake in the venture. Nokia and Siemens said last August they had been approached by private equity firms interested in buying a stake. "This is a good thing for Nokia as they have been able to cut a new deal, which will be closed in the second quarter," said Swedbank analyst Jari Honko. "This means they can proceed with selling of minority stake in NSN." The settlement could also improve relations in the United States for Huawei, one of the world's largest makers of telecommunications equipment. The company has said its ability to do business in the United States has been hurt by a series of unproven allegations and misperceptions. Legal disputes proved another headache, particularly with a long-term partner such as Motorola. In February, the company challenged the United States to launch a formal investigation into its business, in an attempt to clear its name. The highly unusual call follows the outcome of a recent U.S. government foreign investment review that is forcing Huawei to sell assets it bought from 3Leaf, a small U.S. company. Three years ago, Huawei had to pull back from a bigger proposed investment in 3Com, in similar circumstances. The company said it has been the victim of misperceptions about its relationship with the Chinese military because its founder, Ren Zhengfei, served in the People's Liberation Army until 1983. (Additional reporting by Tarmo Virki in Helsinki; editing by Dave Zimmerman) Technology Media Tweet this Share this Link this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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