Ericsson agrees to acquire subsidiary of Newbridge Networks for $285 million

Article Abstract:

Advanced Computer Communication, a unit of data networking company Newbridge Networks, will be acquired by Telefon AB LM Ericsson for $285 million. Industry analysts have said that Ericsson's decision to move into Internet technology through its latest acquisition is part of a larger strategy that will include the acquisition of a number of smaller Internet technology companies. Ericsson, which does not have the in-house research capabilities for new Internet and data networking technologies, may also soon seek a major acquisition or merger.

Comment:

Will acquire Advanced Computer Communication, a unit of data networking company Newbridge Networks, for $285 mil

Telephone Apparatus Manufacturing, Asset sales & divestitures, Acquisitions & mergers, Sweden, Telephone Switching Eqp, Telephone & Telegraph Eqp NEC, Telephone switching equipment, Telefonaktiebolaget LM Ericsson, Advanced Computer Communications

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Tellabs and Ciena call off merger as both stocks fall

Article Abstract:

Tellabs Inc.'s proposed acquisition of Ciena Corp. was cancelled due to fears that Ciena's poor prospects would destroy the merger of the two companies. Ciena's stock value fell by 17% as a result of the announcement. The company's stock value had fallen by 77% since the deal was announced in June 1998. Tellabs' own shares also fell 16% as it forecasted lower estimates.

Comment:

Tellabs Inc.'s proposed acquisition of Ciena Corp. cancelled due to fears of Ciena's poor prospects

Strategy & planning, Telecommunications Equipment, Communications Equipment Manufacturing, Tellabs Inc., Ciena Corp.

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