Ethernet equipment

No Nortel Deal Yet

1:00 PM -- Looking for results of last night's Nortel Networks Ltd. auction? That's easy enough: They didn't finish.

The auction, in New York, apparently went late into the night, so they took a break. Presumably, they've started up again by now.

To recap: We're talking about the auction for Nortel's enterprise business. We know Avaya Inc. and Siemens Enterprise Communications GmbH & Co. KG are involved in the bidding, and there may be others. The winning bid will probably be a lot more than the initial $475 million. (See Avaya Offers $475M for Nortel's Enterprise.)

How long can this go on? As long as they want it to, apparently. If I were bidding, I'd insist on a change of venue to keep things fresh -- and I'd also point out that A.J. Burnett is pitching for the Yankees this afternoon (hint, hint).

— Craig Matsumoto, West Coast Editor, Light Reading

Pete Baldwin 12/5/2012 | 3:56:41 PM
re: No Nortel Deal Yet

OK, looks like the auction was held up by the Verizon complaint, so says the Ottawa Citizen. 

Still, there's no result as of 5:30 pm Eastern.  I'm starting to think they really did go to the Yankees game (which the Yankees lost).

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