Short Take: Nortel buys stake in Avici
Nortel said it agreed to buy a 20 percent equity stake in Avici Systems. Terms of the deal were not disclosed. The companies also said they plan to collaborate on IP networking.
Jeff Pelline Staff Writer, CNET News.com
Jeff Pelline is editor of CNET News.com. Jeff promises to buy a Toyota Prius once hybrid cars are allowed in the carpool lane with solo drivers.
true
said it agreed to buy a 20 percent
equity stake in Avici Systems.
Terms of the deal were not disclosed. The companies also said they plan to
collaborate on IP networking.