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Nortel Draws Wireless Interest

Stock quotes in this article: ALA , LU , NT  

Updated from 1:30 p.m.

Nortel (NT Quote) may not be left out of the consolidation dance after all.

Alcatel (ALA Quote) is interested in the Canadian telco gearmaker's wireless business, according to published reports.

Nortel had to bow out of the last round of industry mergers after stumbling into a third accounting morass and restatement process. While Nortel was reeling with the untimely discovery of more bookkeeping errors, Alcatel went ahead this past spring with a buyout offer for Lucent (LU Quote). ...

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