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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.94+1.1%Nov 28 9:30 AM EST

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To: MulhollandDrive who wrote ()6/11/1998 8:49:00 AM
From: Zoltan!   of 77400
 
Nortel head says being stampeded into acquiring BAY could be "foolish":

-from Northern Telecom CEO Takes Studied Tone
On Merger Rumors


..."You've seen us acquiring smaller companies, and that's more of what you
can expect Northern Telecom to do," Roth told a small group of reporters
at the Supercomm '98 telecommunications industry convention here.

He said Nortel isn't ruling out a blockbuster.

"It's a matter of making sure that if we do something big, it's the right thing,"
Roth said.

"We're continuing to look at how to round out our portfolio," he added.

The company has done well by buying small, cutting-edge firms and
bringing their products into the big time - and it is likely to keep doing that,
Roth said....

...There has been talk that Nortel might do well to go after Bay before
October, when restrictions expire that now bar Lucent from using pooling
of interests accounting for acquisitions. Pooling of interests would allow
Lucent to make bigger purchases.

"I don't think it would be right to get stampeded into doing something
foolish," Roth said...

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