Nortel-Siemens Marriage?
April 23rd, 2005 Posted in Main Page
According to Der Spiegel (Germany's Time magazine with a healthy appetite for for sensationalism), Nortel and Siemens are apparently thinking a partnership involving Siemens' struggling wireless phone business, or Siemens may buy a stake in Nortel. I'm not sure what to make of this speculation other than it feeds into the growing interest in the analyst and investor communities for consolidation within the equipment maker sector. Frankly, I'm not convinced Nortel is ready for an outside investor given it still has accounting and class-action lawsuit issues to resolve. And I'm puzzled why anyone would take an equity stake in Nortel rather than acquiring it.
