Technology and the Internet
Technology: Pact would expand reach of telecom giant. Investors drive down suitor’s shares on concern over cost.
June 16, 1998
Business
Technology: The firms’ weak forecasts deepen gloom over networking business.
Feb. 17, 2001
Northern Telecom, North America’s No. 2 telephone equipment maker, agreed to buy Bay Networks, the No. 3 maker of networking products, for $7.27 billion in stock.
Wall St. Nortel, Lucent and Qualcomm drop amid concern about corporate spending.
Feb. 13, 2002
Bay Networks Inc. shares rose 16% on Wednesday after the company told analysts it rejected an acquisition offer from Northern Telecom Ltd. as too low but would consider higher bids.
May 14, 1998
Nortel Networks Corp.
March 14, 2001
Telecom: Sales plunge as market contracts. Results will include acquisition-related write-offs.
June 16, 2001
Nortel Networks Corp., one of the world’s largest telecom equipment makers, posted a surprise third-quarter profit Thursday but set nerves on edge with news it would restate key financial data going back to 2000.
Oct. 24, 2003
Wall Street will be closely watching corporate profits.
April 24, 2000
Securities: Transactions violated a company policy prohibiting them during periods around major announcements.
Feb. 12, 2002