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Nokia Plan Nukes Nortel

Stock quotes in this article: NT , NOK , MOT , SI , LU , ALA  

Merger mania in the telecom networking industry has Nortel (NT Quote) feeling left out.

Nokia (NOK Quote) and Siemens (SI Quote) became the latest gearmakers Monday to join the merger wave. They set out a big plan to combine their network gearmaking businesses, putting Nortel in a tight spot.

The networking merger race is now in its late stages. By now, Nokia has found a partner in Siemens, and Ericsson (ERICY Quote) has acquired Marconi's equipment business. Even humble Lucent (LU Quote) has a buyout in hand from Alcatel (ALA Quote). ...

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