According to Bloomberg, potential buyers could include private equity firms and defence contractors including Raytheon, Honeywell and General Dynamics.
The 87-year-old company is working with financial advisers as it looks for a buyer.
We are not holding our breath. The sale process has been going on for several months, and a deal isn’t on the immediate horizon.
Motorola was split up four years ago into Motorola Solutions and a handset unit after a campaign by billionaire Carl Icahn. The handset business was sold to Google which then sold most of it to Lenovo.
Things are not going that well for Motorola Solutions. It has poor earnings performance, with 2014 earnings dropping 33 percent as sales declined six percent. The outlook for this year remains stagnant — the company projects 2015 revenue will be flat to slightly lower.
In other words, Motorola probably should not have listened to Icahn. Lenovo is doing well with the bits of the company it bought and saw its bottom line grow because of its investment.