Will IBM acquire Nortel?
In case the speculation of a Microsoft-Nortel acquisition wasn’t enough to keep partners talking, now there are rumors that IBM could snap up the networking company, according to Mark Evans at the All About Nortel blog.
Those rumors (and Evans stresses that they are rumors) aren’t exactly shocking. For one, as Evans points out, Nortel is trading at under $6 now. That makes me think two things: 1. If I were Nortel, I might spin these rumors just to raise my share value. 2. (The more likely one) If I were IBM, I would be thinking two words: fire sale. OK, maybe I would be thinking a full phrase: Fire sale on a once-solid company that still has incredible potential. Read more »
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