from wsj interactive today (just asnd part)
On the telecom-equipment front, Finnish company Oy Nokia Tuesday announced plans to acquire Sunnyvale, Calif.-based Ipsilon Networks Inc., the pioneer of a networking-technology effort called IP switching, for $120 million. Northern Telecom Ltd., another big telecom-equipment company, has been rumored to be interested in Ascend Communications Inc., a maker of networking gear. Market watchers say telecom carriers need more specialized equipment, including networking technology, more than ever before.
Other telecom-equipment and networking firms, including L.M. Ericsson, Lucent, Northern Telecom, 3Com, Siemens AG, Newbridge Networks Corp. and others, have invested in Juniper Networks Inc., a Silicon Valley start-up that has ambitious plans to develop key components for high-speed networking devices in a bid to challenge Cisco. |
