Sunday 16:34 pm Sources say Ciena (CIEN) raised its offer for Nortel's optical networking and carrier ethernet business to $714M from an earlier $522M. Sources say Nokia Siemens (NOK, SI) and private-equity firm One Equity Partners have also jointly bid for the assets.
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LongShortTech: ADCT gave weak guidance, stock whacked. I'm not convinced the telecom equipment sector is as bright as others say. Eg. CIEN
2 days ago
Wisdom vs. Information: CIEN /NT: 390M cash, ~130M stock (10M shares), 2X Rev, add 100M annual OpEx, another 50M for transaction costs; proforma looks good
Thu, Oct 08, 2009
Wisdom vs. Information: CIEN has been concentrating on 100G b/c telcoms had been demanding; recently telcoms demandschanged, so 40G bridge was desirable, thus NT