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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Beltran who wrote (51692)	9/7/2001 2:07:35 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

YES!

To: Joseph Beltran who wrote (51692)	9/7/2001 3:00:02 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

Nortel says no to cisco takeover Friday September 7, 2:56 pm Eastern Time Nortel says not open to takeover CALGARY, Alberta, Sept 7 (Reuters) - The head of Nortel Networks Corp. (NYSE:NT - news) said on Friday the telecommunications maker was not open to a merger or an acquisition by another firm. Speaking after a round table in Calgary, Nortel Chief Executive Officer John Roth said Nortel was ``not open to combining companies.'' Shares of Nortel were higher on Friday after a recent report by brokerage house RBC Dominion said that Nortel Networks was going to be bought by Cisco Systems (NasdaqNM:CSCO - news). According to one Toronto trader the report read: ``These two (companies) apparently have been eyeing each other up for the last two years and this is the perfect opportunity for Cisco to step-in and buy Nortel.'' Shares in Nortel were up 15 cents at $5.51 in New York on Friday afternoon, and up 29 Canadian cents at C$8.64 in Toronto.