Nortel Wants To Buy Something

Nortel (NYSE:NT) has disappointed investors again. Long term telcom equipment and Nortel investors must be getting used to the pain. So what does management do? Lets buy our way out of this mess. Nortel Networks is in takeover mode, CEO Mike Zafirovski has announced. Wall Street has been speculating for a while about the maker of telecommunications equipment.

Nortel who when riding high had acquired many a company using its own stock as currency. This option is not as attractive at the present time. The takeovers will need to be financed in cash. This will compete with internal organic opportunities. If too many internal projects get bumped then in house R&D will conclude "Whats the point" and Nortel will have to make acquisitions.

The sector is still staggering about not having recovered from its last boom. Many companies future's are openly questionable. If you had a neat little start up that was worthy of a lucrative buy out where would you make the deal.

I still think Motorola (NYSE:MOT) should buy out Nortel and hopefully kill two problem birds with one controversial deal.

Turn your OS X and Linux-based machine into a FON Spot

Turn your OS X and Linux-based machine into a FON Spot

Not one to dwell too heavily on the past, FON is apparently already moving beyond its newfangled partnership with Time Warner, and has now caved to giving Mac and Linux users the ability to get in on the action. The latest FON Spot software now appears in a beta form for OS X and Linux (preferably Ubuntu) users, allowing Ethernet-connected machines to share excess bandwidth with others via WiFi. Notably, it's even supposed to work if connected via 3G, but we can't imagine your carrier being all too pleased with such a scheme. Per usual, the company warns of its beta nature and insinuates that problems could arise, but if you're still not deterred, be sure to hit the read link and get your respective download on.

$500 million underwater fiber network to link Asia, America

$500 million underwater fiber network to link Asia, America

Unfortunately for most, traversing back and forth to Asia from America on a regular basis isn't exactly in the cards, but thanks to a $500 million project agreed upon by a 17-member telecommunications consortium, visiting via fiber will soon be a whole lot snappier. Telekom Malaysia, along with 16 other firms, have awarded a half billion dollar contract to Alcatel-Lucent and NEC to construct a 12,428-mile link between the west coast of America and Southeast Asia. The aptly-dubbed Asia-America Gateway will connect the western US with Malaysia, Singapore, Thailand, Brunei, Hong Kong, the Philippines, Guam, and Hawaii, while also offering "seamless interconnection" with Europe, Africa, and Australia. Moreover, the project is being designed to provide a "more secure link for traffic" across the seas, as it avoids the hazardous Pacific Ring in hopes of dodging massive internet outages due to unexpected earthquakes. Best of all, the wait time for the undersea cabling to make an impact is fairly reasonable, as users should see "faster and more reliable service" when it becomes operational in December of next year.