ciena

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Latest blogosphere posts tagged “ciena”

  • Four More Days for Optical Bids


    All About NortelAuthority Authority: 130
    Clearly not satisfied with a $511-million offer from Ciena, Nortel has decided to tack on an additional four days for others to make offers for its optical networking and carrier Ethernet business. The deadline is now Nov. 17. Nortel said the decision was made “in light of ongoing discussions with interested ...
    20 hours ago
  • HP Buys one of the seven networking dwarfs and gets a bargain


    StorageIOblogAuthority Authority: 116
    Last week EMC and Cisco announced their VCE collation and Acadia . The other day, HP continued its early holiday shopping by plucking down $2.7B USD and bought 3COM , one of the networking seven dwarfs (e.g. when compared to networking giant Cisco). Some of the other so called networking dwarfs when ...
    1 day ago
  • Nortel weighs its optical auction options


    Telecom Industry NewsAuthority Authority: 144
    Content with waiting to get the best offer for its Metro Ethernet Network (MEN) division, Nortel has decided to extend the deadline of the auction for that segment of the company. This latest development, while not entirely surprising, comes after not only receiving a $514.2 million stalking-horse bid from Ciena to ...
    1 day ago
  • Nokia Siemens Networks Without COO As It Ponders Bid for Nortel MEN Assets


    Twilight in the Valley of the NerdsAuthority Authority: 507
    There’s a great headline and an interesting story over at Light Reading regarding an executive departure at Nokia Siemens Networks (NSN), which has experienced more than its share of drama in recent weeks. Mika Vehviläinen, chief operating officer at NSN, is leaving the company to become the president and CEO of ...
    1 day ago
  • More Time on the Block for MEN


    All About NortelAuthority Authority: 130
    It appears that Nortel may not be getting as much interest in its metro Ethernet networking business. According to Bloomberg , the company could be looking to extend the deadline to sell MEN to give bidders more time to put together a deal. Right now, the only offer for MEN has come from Ciena, which has bid ...
    3 days ago
  • No done deal yet in Nortels optical sale


    Telecom Industry NewsAuthority Authority: 144
    Who will become the victor in acquiring Nortels optical unit continues to be a mystery. A Bloomberg report emerged that the troubled vendor is going to extend yesterdays deadline to make a bid on its optical networking business. According to two people close to Nortels asset auction, the company has the right to ...
    3 days ago
  • Ciena Acquisition Bid Approved, but Nortel Postpones MEN Auction


    Twilight in the Valley of the NerdsAuthority Authority: 507
    Even though Ciena has received regulatory clearance to proceed with its proposed acquisition of insolvent Nortel Networks’ Metro Ethernet Networks (MEN) business assets for approximately $515 million in cash and stock, Nortel has deferred the bankruptcy-auction process in the hope that another bidder will emerge. ...
    3 days ago
  • Despite Conflicted Parents, NSN Reportedly Considering Nortel MEN Bid


    Twilight in the Valley of the NerdsAuthority Authority: 507
    Joint ventures, by their very nature, are complicated beasts. Even when the parent companies get along and are relatively aligned in their strategic directions, differences arise. Sometimes joint ventures experience mild personality disorders resulting from the conflicting or diverging needs of the parents. ...
    1 week ago
  • NSN may be moving on Nortels Ethernet unit


    Telecom Industry NewsAuthority Authority: 144
    As the saying goes, its not over until the fat lady sings, or in Nortels bargain asset sale until the final highest bidder bids. A report in Bloomberg says that two unidentified people close to matter claim that Nokia Siemens Networks may be making a bid on Nortels Ethernet assets. This development comes only ...
    1 week ago
  • Nokia and Siemens Both Want Out of NSN


    Twilight in the Valley of the NerdsAuthority Authority: 507
    Yesterday I wrote that joint venture Nokia Siemens Networks (NSN) wasn’t in a position to contend for insolvent Nortel’s optical- and Ethernet-networking assets, which have received a stalking-horse auction bid of $521 million in cash and stock from Ciena. Previously, I had wondered whether the joint venture’s ...
    3 weeks ago
  • Timing Doesn’t Favor NSN Bid for Nortel MEN Assets


    Twilight in the Valley of the NerdsAuthority Authority: 507
    Now that the $521-million stalking-horse bid from Ciena has been approved and the date has been set for the auction of Nortel’s Metropolitan Ethernet Networks (MEN) assets, attention has turned to which companies might challenge Ciena for the prize. The auction will take place November 13, and vendors have until ...
    3 weeks ago
  • Nortel sets official date for Ethernet asset auction


    Telecom Industry NewsAuthority Authority: 144
    With the blessing of Delaware and Ontario bankruptcy courts in tow, Nortel will move ahead with the planned auction of its Metro Ethernet Network (MEN) division on November 13. Bankruptcy courts in both Delaware and Ontario approved Cienas stalking horse bid after suffering a minor setback. If youre a vendor that ...
    3 weeks ago
  • Good, Better, Best


    A Wonderful BlogAuthority Authority: 119
    “Good, better, best” used to have an entirely different meaning to us a decade ago.  Burt, Dyk, JB, Poms and myself coined “good, better, best” as our not-so-secret code to describe our once-in-a-bluemoon escapades.  After weeks of hard-core, geeky work we would decide to paint the town red on Pom’s trusty ...
    3 weeks ago
  • ($CIEN) Ciena Gets Approval to Bid For Nortel Network’s Optical and Ethernet Division


    Stock Blog HubAuthority Authority: 461
    The telecommunications and network equipment company Ciena Corporation (CIEN) has received the Court’s approval to begin bidding for Nortel Network Corp.’s (NT) optical and Ethernet division. The judges also said that Nov. 9 will be the deadline for bids and scheduled the auction for Nov. 13. Ciena plans to ...
    3 weeks ago
  • Ciena-Nortel Deal Gets Approval – Analyst Blog


    Horse Racing Tips and Horse Racing ResultsAuthority Authority: 156
    The telecommunications and network equipment company Ciena Corporation ( CIEN ) has received the Court’s approval to begin bidding for Nortel Network Corp.s ( NT ) optical and Ethernet division. The judges also said that Nov. 9 will be the deadline for bids and scheduled the auction for Nov. 13. Ciena plans to ...
    4 weeks ago
  • Letting the (Optical) Bidding Begin!


    All About NortelAuthority Authority: 130
    The auction of Nortel’s optical and Ethernet assets has overcome a hurdle after bankruptcy courts in the U.S. and Canada approved Ciena’s $521-million “stalking horse” bid. The approval came after the judges expressed some unhappiness with some of the details of the bid, including Ciena’s break-up fee. ...
    4 weeks ago
  • Ciena wins court approval for Nortel unit bid (AP)


    Relevant NewsAuthority Authority: 514
    AP - Ciena Corp. won court approval Thursday to start bidding on Nortel Network Corp.’s optical and Ethernet division with an offer valued at more than $532 million. View post: (AP)"> (AP)">Ciena wins court approval for Nortel unit bid (AP)
    4 weeks ago
  • Ciena Wins Court Approval for Nortel Unit Bid


    Horse Racing Tips and Horse Racing ResultsAuthority Authority: 156
    Ciena won court approval Thursday to start bidding on Nortel Network’s optical and Ethernet division with an offer valued at more than $532 million.Bankruptcy court judges in Delaware and Ontario gave the bid process the green light after requesting changes in the auction rules, The Associated Press reported. ...
    4 weeks ago
  • Ciena Wins Court Approval for Nortel Unit Bid


    DealBookAuthority Authority: 776
    Ciena won court approval Thursday to start bidding on Nortel Networks optical and Ethernet division with an offer valued at more than $532 million.
    4 weeks ago
  • Infonetics: Nortel takes top optical networking spot


    Telecom Industry NewsAuthority Authority: 144
    Given all of the troubles Nortel has had over the past year--a tale that saw not only the recent resignation of the CEO meant to turn things around and an ongoing garage sale of its assets--its a bit ironic that carriers cite the company as their optical vendor of choice. According to Infonetics Optical Equipment ...
    4 weeks ago

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