December 7, 2009
The New jersey-based telecommunications gear maker receives Canadian government approval for acquisition of Nortel’s enterprise business unit. Most Nortel RTP workers are part of that group. The acquisition is expected to close in December.
December 3, 2009
Maryland-based telecommunications gear maker prevails in auction fight for Nortel’s optical and Ethernet business unit. But the deal will challenge Ciena management, says Jefferies analyst George Notter.
Updated December 3, 2009
Bankrupt telecommunications gear maker and Maryland-based Ciena prevail in a court fight against Nokia Siemens, which had submitted a higher bid on Tuesday.
December 2, 2009
The Skinny: Calling Ciena’s bid that includes convertible notes as posing ‘considerable risk,’ Nokia Siemens also ups its offer $40 million to $810 million – in cash.
November 30, 2009
Facing Google threat. manufacturers of standalone GPS products will have to move quickly and smartly to transform their dumb map readers into intelligent devices that can provide a host of services such as traffic avoidance.
A Garmin device
Updated November 27, 2009
World’s No. 4 PC maker, which is based in Morrisville, had spun off Lenovo Mobile in 2008. Convergence of PCs, mobile devices is seen as 'significant growth opportunity,' Lenovo says.
November 25, 2009
AT&T and Verizon, two offspring of Ma Bell, are getting more aggressive in their marketing, though it's not clear how much they are spending. Verizon and AT&T are both pulling away from their smaller rivals, so instead of competing with Sprint Nextel Corp. and T-Mobile USA, they're increasingly focused on each other.
Updated November 25, 2009
In latest sale of assets, bankrupt Nortel sells its mobile communications business known as GSM to Ericsson and a related business to Kapsch CarrierCom in a deal worth $103 million.
Updated November 24, 2009
All About Nortel: In a year since declaring bankruptcy, Nortel keeps selling off pieces. Not much is left.
Updated November 23, 2009
Maryland-based telecom gear maker says it tops bidding process with $769 million offer of cash and notes. In a statement, Nokia Siemens confirms it lost out. Courts will review offer on Dec. 2.
Updated November 20, 2009
Bidding today for the Metro Networks piece of the bankrupt company pushed off an auction on its GSM/GSM-R business.