Motorola Mobility Holdings, Inc (MMI) is taking a modest leg lower here. The move seems to be related to an article that says Huawei Technologoies has just filed a lawsuit against MMI claiming that the company illegally transferred Huawei’s intellectual property to another company, Nokia Siemens Networks, in the acquisition of Motorola’s wireless network business.
Shares of Motorola Mobility Inc. are currently down 1.40% at $34.43. Today’s trading range for shares of MMI has been between $34.16 and $34.99 per share.
Motorola Mobility Holdings, Inc. provides technologies, products, and services that enable mobile and wireline, digital communication, information, and entertainment experiences worldwide. MMI operates independently of Motorola Solutions, Inc. as of January 04, 2011.