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Updated from 2:48 p.m. EST
Network specialist Radware (RDWR Quote) is poised to buy part of troubled telecom equipment giant Nortel Networks (NT Quote), according to a report on Israeli tech news Web site Globes.
Citing unnamed sources, Globes reports that Tel Aviv-based Radware will spend between $30 million and $50 million to acquire all or part of Nortel's metro Ethernet networks business.
Nortel declined to comment on the Radware report. ...
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