Ciena's Trunk Filled With Nortel Junk
0 views
Skip to first unread message
Moritz Dispatch
Oct 7, 2009, 9:40:31 AM10/7/09
to Moritz Dispatch
Scott Moritz
10/07/09 - 09:10 AM EDT
NEW YORK (TheStreet) -- How much is a dying networking business worth?
About half a billion, says Ciena.
In a bold bid to double its size to better compete with rivals like
Ericsson and Nokia Siemens, communications equipment specialist Ciena
has agreed to pay $521 million in cash and stock for the optical and
Ethernet divisions of failed tech giant Nortel.
Click to read why junk is such a harsh word, but descriptive of
something with a rapidly falling value:
http://www.thestreet.com/story/10608262/1/ciena-bulks-up-with-nortel-parts.html
10/07/09 - 09:10 AM EDT
NEW YORK (TheStreet) -- How much is a dying networking business worth?
About half a billion, says Ciena.
In a bold bid to double its size to better compete with rivals like
Ericsson and Nokia Siemens, communications equipment specialist Ciena
has agreed to pay $521 million in cash and stock for the optical and
Ethernet divisions of failed tech giant Nortel.
Click to read why junk is such a harsh word, but descriptive of
something with a rapidly falling value:
http://www.thestreet.com/story/10608262/1/ciena-bulks-up-with-nortel-parts.html
Reply all
Reply to author
Forward
0 new messages