Nokia and Siemens dance, Nortel jilted

Poor old Nortel Networks -- or "No-tell Networks," as one wag dubbed it after the fourth or fifth time the company had to restate its earnings. It was bad enough when the company flamed out so quickly after becoming the king of the Toronto Stock Exchange (and of many people's investment portfolios), but then that was followed by the repeated financial restatements, the firing of senior executives, and so on. ...

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Nokia and Siemens to Merge Network Equipment Units

Nokia of Finland and Siemens of Germany are expected to announce on Monday that they will merge their telecommunication network equipment businesses in a deal valued at more than $30 billion, people involved in the transaction said tonight. The merger is likely to set off a new global wave of consolidation ...

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