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NEW YORK/HELSINKI (Reuters) - Ciena Corp will buy the optical networking and carrier ethernet business of bankrupt Nortel for $769 million, sources told Reuters, after it trumped Nokia Siemens Networks in a three-day auction.
U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500, Dow Jones and Nasdaq 100 up 0.8 to 1 percent. Kraft Foods Inc (KFT.N) may raise its offer for British chocolatier Cadbury...
Nov 22, 2009 (SmarTrend(R) News Watch via COMTEX) -- 11/23/2009-A Reuters report, which cited inside sources, indicated that Ciena Corp. (NASDAQ:CIEN) boosted its offer for Nortel Networks Corps optical networking and carrier...
U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500, Dow Jones and Nasdaq 100 up 0.8 to 1 percent. Kraft Foods Inc (NYSE:KFT - News) may raise its offer for British...
TORONTO - Nortel Networks Corp. said Thursday that it will delay the auction of its Global System for Mobile (GSM) businesses that was to take place Friday. The company said it would provide an update on its sale plans next...
U.S. stock index futures pointed to a lower open on Wall Street on Thursday, with futures for the S&P 500 down 0.61 percent, Dow Jones futures down 0.51 percent and Nasdaq 100 futures down 0.44 percent at 1030 GMT (5:30 a.m. EST).
Today the WiMAX Forum® announced ZTE as the latest Gold Sponsors on their forthcoming Congress Americas show which is taking place in Fort Lauderdale, Florida, on December 2 - 3rd, 2009. ZTE joins Samsung, Airspan, Ciena,...
Enterprises with extremely high uptime requirements for their data center networks will spend the extra money on out-of-band network management. The New York Stock Exhange (NYSE Euronext) has built a Force10 network to manage...
NEW YORK, Nov 18 (Reuters) - Nokia Siemens Networks and private equity firm One Equity Partners have jointly bid for Nortel Networks Corp's optical networking and carrier ethernet business, a person familiar with the sale said...
TORONTO - Nortel Networks Corp. says another bidder has emerged for its optical networking and carrier ethernet units and an auction will be held on Friday. The insolvent telecom equipment maker ma...
