Motorola's ex-CFO, Paul Liska, filed suit against the company late February in Cook Country Circuit Court, Illinois in which he claims Motorola's Mobile Devices executives were giving forecasts "based on inaccurate or unsupportable financial assumptions." But Motorola has responded saying Liska was a "treacherous officer" who concocted a "extortion-like scheme designed to portray himself as a whistle blower and demand millions in return for his silence."

Nokia Siemens Networks, seeking a bigger foothold in the US market, has offered to buy large pieces of Nortel Networks, including much of its profitable carrier networks unit and a research unit developing a next-generation wireless technology, according to people familiar with the matter.

Qualcomm is looking at South Korean wireless and healthcare technology firms for possible investment, Chairman and CEO Paul Jacobs told Reuters on Wednesday.

Sprint Nextel CEO Dan Hesse emailed an Intel executive to try and smooth over tensions following comments a Nokia executive made last week at an event in San Francisco. Anssi Vanjoki, Nokia's head of sales and manufacturing, reportedly compared WiMAX to Betamax, the video format that met its demise when VHS triumphed in the 1970s and 1980s.

Cisco Systems is ready to pick up the pace of mergers and acquisitions over the next year after the valuations of technology companies slumped.