Nortel in talks with Corning on optics

Article Abstract:

Corning Inc. is in negotiations with Nortel Networks to buy the telecommunications equipment company's fiber optic components unit, valuing the property at more than $100 billion in revenue. The plan, which some feel unwieldy and expensive is for a "reverse merger" which would make Corning a unit of Nortel. In a parallel note, Nortel will spend $1.9 billion to more than double fiber optics production in 4 countries, causing speculation about the seriousness of the deal. Strong rumors abound that Corning also might deal with industry giant Lucent Technologies.

Other Measuring and Controlling Device Manufacturing, Fiber Optic Instruments NEC, Company acquisition/merger, Nortel Networks (Simi Valley, California), Fiber optic equipment

---

Cisco head says Nortel approach outdated

Article Abstract:

The head of Cisco Systems Inc., John Chambers, believes Nortel Networks Corp.'s proposed acquisition of Corning Inc. is a step away from what he sees as Nortel's largely outdated business methods.

Telephone and telegraph apparatus, Telephone Apparatus Manufacturing, Executive changes & profiles, Data Communications Equip, Computer network equipment industry, Network hardware industry, Officials and employees, Forecasts and trends, Data communications equipment, Cisco Systems Inc., CSCO, Chambers, John

---

Corning's autonomy an issue 'of perception,' analyst says

Article Abstract:

Economic analysts believe that if Nortel Networks gains the majority stake in Corning Inc., Corning's level of autonomy will rest in agreements made over Nortel's management practices.

Similar abstracts:

• Abstracts: SEC forces companies to share news with everyone. Best money advice is pricey. Companies buy into selling stock on the Internet
• Abstracts: War game with intelligent enemies. Contraptions' hardest puzzle: how to stop
• Abstracts: First year of Net index teaches tough lessons. Broadband's slow start strangles shares. AOL link is a pothole for some, but not for TheStreet.com
• Abstracts: Congressman links son's suicide to acne medicine. Estrogen use best at a lower dose
• Abstracts: Deutsche Telekom flirts with VoiceStream. Deutsche Telekom, VoiceStream near deal

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.