RealTime IT News

Networking Giant Goes Shopping

Anything Internet + Inform Worldwide, Applied Digital Solutions + ATEC Group, Cisco Systems + ArrowPoint Communications, STMicroelectronics + Nortel Network unit

 STMicroelectronics (STM) to acquire Nortel Networks (NT) unit


   *  Amount:         $100 million


   *  Terms:            n/a

   *  Premium:        n/a


   *  Industry:        Speed/Bandwidth


   *  Scorecard:      A-


    GENEVA, May 5--STMicroelectronics (STM) announced the acquisition of Nortel Networks' (NT) semiconductor division located in Ottawa, Ontario, Canada. for $100 million. The companies also signed a six-year agreement under which STM will supply semiconductors to Nortel. The first three years of that deal will be worth an estimated $2 billion.



 Applied Digital Solutions (ADSX) acquires ATEC Group (ATEC)


   *  Amount:       &nbs