Spending on telecommunications equipment has apparently slowed down in anticipation of pending details on a piece of the government stimulus that will provide incentives for building out the nation’s broadband network, according to Avi Cohen, head of research at Avian Securities.
Nortel Networks, the once multibillion dollar telecom vendor now trading as a micro cap, may be considering offers of as much as $1 billion for its product portfolio of gear that lets phone companies string Ethernet networking to homes and businesses.
Cisco Systems (CSCO) CEO John Chambers said in an interview on CNBC that the company is not currently in any negotiations for a large acquisition, Reuters reports. The comment came in response to a question about whether the company might be in talks to acquire enterprise storage giant EMC (EMC).
A quick update on my post yesterday regarding rumors that Extreme Networks (EXTR) might be acquired by privately held Enterasys.
In a research note yesterday, JMP Securities analyst Samuel Wilson wrote that “sources suggested to us that at least one interest party has stepped forward to begin serious discussions with the company.”
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