Cisco to proceed with $3.4 billion Tandberg deal

(AP) -- Cisco Systems Inc. says it is waiving its condition that 90 percent of shareholders of Norwegian videoconferencing equipment firm Tandberg ASA back its $3.4 billion takeover offer and will close the deal as soon ...

Cisco uses cash hoard to buy Norwegian co. for $3B

(AP) -- Cisco Systems Inc. tapped its immense cash hoard and announced a deal Thursday to buy Norway's Tandberg ASA for $3 billion in a bid to dominate the global market for videoconferencing equipment.

US, Canadian judges approve Nortel bankruptcy sale

(AP) -- Nortel Networks Inc. won approval Wednesday from judges in Delaware and Ontario for the $900 million sale of a Nortel unit that makes communications systems for businesses.

Courts OK $1.13B sale of Nortel assets to Ericsson

(AP) -- U.S. and Canadian courts have approved Swedish wireless company LM Ericsson's $1.13 billion bid to buy next-generation wireless technology and other assets from insolvent telecom equipment maker Nortel Networks Corp.

Nortel strikes deal to sell business unit to Avaya

Canadian telecom equipment maker Nortel said Monday it reached a deal to sell its enterprise solutions business to US-based Avaya for 475 million dollars pending approval of a bankruptcy court.

Sprint Nextel signs networking deal with Ericsson

(AP) -- Sprint Nextel Corp. has signed a seven-year deal with LM Ericsson for the Swedish telecommunications equipment maker to take over operation of Sprint's wireless and wireline networks.

Nortel to sell itself off in pieces

(AP) -- Nortel Networks, once a technology giant, has decided to sell itself off in pieces rather than attempt to emerge from bankruptcy as a restructured company.

Testbeds to breed next-generation systems

(PhysOrg.com) -- The systems that let you zap a photo to a friend, or an astronomer to control a telescope continents away, require intensive simulation and testing. Research has now made those key steps far easier.

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