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Short Take: Ericsson looks for net firm

Sweden's Ericsson is looking at ten U.S. networking companies and already has begun talks with three of them, according to a report in the Wall Street Journal. Similar rumors of Ericsson's plan surfaced earlier this week. The company is more likely to pursue less expensive start-ups than networking giants such as Ascend or 3Com, the Journal reported.

Sweden's Ericsson is looking at ten U.S. networking companies and already has begun talks with three of them, according to a report in the Wall Street Journal. Similar rumors of Ericsson's plan surfaced earlier this week. The company is more likely to pursue less expensive start-ups than networking giants such as Ascend or 3Com, the Journal reported.