Samsung, Motorola Sharing Technology

Although they may be rivals in the mobile phone industry, Samsung and Motorola announced a deal on Friday that will allow them to share technology between the two companies. The move is in an effort to prevent legal issues related to each other's intellectual property, or IP.

Samsung, which reported the deal in a filing with the Korea Exchange, said it was barred from releasing terms of the deal. Deals like this are not uncommon - Samsung also has a deal with Sony to share some of its patents, and LG and Matsushita of Japan settled disputes over plasma display technology by sharing theirs. Samsung and Motorola are No. 2 and 3 in terms of mobile phone sales.

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