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Preopen Trading: Flat Futures Indicate Weak Open
Nortel Networks(NT Quote) was moving this morning on news from The Wall Street Journal that the company is in serious talks to sell its optical-parts unit to Corning(GLW Quote) in what could be a deal worth more than $100 billion.
The stock was getting a bid of 83, up 1 3/4, on Instinet.
Also, reports that VoiceStream Wireless(VSTR Quote) agreed to a $50.7 billion cash-and-stock takeover by Deutsche Telekom(DT Quote) were lifting VoiceStream 5 1/4 to 155 in preopen trading. Check out TheStreet.com/New York Times.com coverage. ...
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