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More on Force 10
By Mark Evans | September 18, 2006
Orion Securities analyst Duncan Stewart does not believe Nortel’s rumoured interest in buying Force 10 Networks for $550-million will materialize. “We do not think this deal is likely,” he said in a research note. “Nortel just has not got enough discretionary cash (even after selling [the] UMTS access [business to Alcatel]), they do not need more dilution (and we doubt Force10’s VCs would want Nortel paper) and this does not seem like a great fit with the key target technologies that Mike Z has been articulating”. Stewart said Force 10’s customers include Facebook, Baidu.com, Vonage, CERN, F5 and Samsung.
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Topics: M&A |
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