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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: StockMan who wrote (14329)5/31/1998 11:38:00 PM
From: Nilesh Parikh  Read Replies (2) | Respond to of 77400
 
Rumour: Lucent & CSCO to merge??? Heard it on local Omaha radio..

If this is true, is it a good match? I do keep hearing, reading about
mega mergers of the networking & telecommunication companies,
but never thought about these two companies...




To: StockMan who wrote (14329)6/1/1998 12:13:00 AM
From: Ed Robichaud  Respond to of 77400
 
I have not seen this news on any NG, but seems as if there is another potential buyer for Bay. Maybe the reason for the Nortel refusal.

news.com

Ericsson mum on Bay rumor
By Reuters Special to CNET NEWS.COM May 29, 1998, 6:45 a.m. PT

STOCKHOLM--Swedish telecom group Ericsson declined to comment on a recurring rumor that it was interested in buying Bay Networks, which rose amid speculation it was the target of a takeover. "This is a rumor we've heard for a long time. It comes and goes. We don't comment on rumors like this," said Lars Ostlund, spokesman for Ericsson business area Infocom Systems. However, he told Reuters Ericsson was looking for potential partners within datacom, where Bay Networks was active. "But our focus is on smaller to medium-sized companies at the moment. But we aren't ruling out the possibility to make bigger acquisitions," Ostlund said. Bay Networks was not returning phone calls.




To: StockMan who wrote (14329)6/2/1998 4:55:00 AM
From: Zoltan!  Read Replies (1) | Respond to of 77400
 
BAY is looking forward to another lousy quarter after a string of lousy quarters. They certainly have momentum.

BAY is reorganizing again to divert attention from their continuing and mounting troubles. Rearranging the deck chairs on the Titanic didn't help that crew much either, but it did give some false hope with the appearance of doing something, anything to avoid their fate.