Motorola Mobility (NYSE:MMI) edges closer to Google's (NASDAQ:GOOG) $40/share buyout price...

Motorola Mobility (NYSE:MMI) edges closer to Google's (NASDAQ:GOOG) $40/share buyout price following its Q1 report. Though EPS of -$0.03 missed by $0.04, revenue of $3.08B (+2% Y/Y) beat by $120M. Smartphone shipments rose 24% Y/Y to 5.1M - nothing to brag about given 40%+ market growth, but better than many feared. However, the Mobile Devices division lost $85M, and Motorola is apparently too embarrassed to continue providing data on Xoom tablet sales.