According to a Sunday report published on The Wall Street Journal’s Website, reliable ‘inside’ sources have revealed that Motorola board is inching closer to splitting the company in two; thereby forcing the company to plan a $1.2 billion sale of a chunk of its equipment unit to Nokia Siemens Networks.

The sources have disclosed that Motorola’s deal with the world’s second-ranking wireless-telecom equipment maker Nokia Siemens - a joint venture of the Finnish firm Nokia and the German firm Siemens– may be announced as early as Monday.

Going by the information further forwarded by the sources, Motorola may use the proceeds of the sales to increase its cash reserves, more so as the company intends spinning off its cellphone and cable set-top box divisions into a separate company in early 2011.

With the Motorola cellphone unit trying to revive itself with the release of some popular smartphones, the unit will likely need most of the company’s cash and few liabilities; thereby enabling it to make a few strategic acquisitions.

For most of the avid market watchers, the forthcoming sale of a large part of the Motorola equipment division basically highlights the missed opportunities at the company, which invented a vast majority of the equipment that practically marked the beginning of the all-encompassing mobile-phone communications era.