It's deal time.
Alcatel's (ALA Quote) renewed talks with Lucent (LU Quote) lend credibility to the now-or-never thinking about telecom equipment company matchups. Networking shares jumped Friday as Wall Street mulled over the trans-Atlantic merger that could be worth $13 billion or so.
Given the pairing trend that swept through the telco sector last year -- SBC and AT&T (T Quote), Verizon (VZ Quote) and MCI -- networking gearmakers are left with smaller orders from fewer customers. To survive the squeeze, suppliers are under pressure to combine products and cut costs through consolidation.
Adding to the excitement is the shrinking window for getting deals done while Washington is still inhabited by a pro-merger administration, say observers. ...
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