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Nortel Shares End Week on Higher Note
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Shares of Nortel Networks(NT Quote) surged Friday, rising more than 30% as rumors about the sale of some of the company's assets continued to swirl.
The Canadian company's stock rose 10 cents, or 34.4% Friday, closing at 39 cents, somewhat reversing their recent downward trajectory.
Israeli news Web site Globes reported earlier this week that network specialist Radware(RDWR Quote) is poised to buy part of troubled telecom equipment giant for between $30 million and $50 million, although neither firm would comment on the story. ...
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