U.S. firm bought for Net products

Article Abstract:

Brampton, Ont.-based Nortel Networks Corp. has acquired San Jose, Calif.-based Alteon Websystems Inc. for approximately $7.3 billion. The purchase of Alteon, which is a data communications equipment maker, will allow Nortel to expand in the Internet-based data center sector.

Communications Equipment, Telecommunications Equipment, Communications Equipment Manufacturing, Telecommunications equipment industry, Telecommunications systems, Nortel Networks Corp., NT, Alteon WebSystems Inc.

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PixStream settles suit with Unique Broadband

Article Abstract:

Waterloo, Ont.-based PixStream Inc. and Concord, Ont.-based Unique Broadband Systems Inc. have reached a $25 million settlement in a case related to a technology development agreement. PixStream will be acquired by San Jose, Calif.-based Cisco Systems Inc. for $369 million.

General services, Cases, PixStream Inc., Unique Broadband Systems Inc.

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Cisco seeks Canadian startups

Article Abstract:

Network systems company Cisco Systems Inc. looks to snatch up small tech firms to join its Canadian facility in Ottawa.

Foreign operations

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