Ciena wins court approval for Nortel unit bid (AP)

October 15, 2009
AP - Ciena Corp. won court approval Thursday to start bidding on Nortel Network Corp.'s optical and Ethernet division with an offer valued at more than $532 million.No tag for this post.

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On The Call: Google CEO Eric Schmidt (AP)

October 15, 2009
AP - Google Inc.'s success has left the Internet search leader sitting on a pile of cash — $22 billion at the end of September. Executives say they are ready to spend more money to take advantage of what they believe will be even better days ahead.No tag for this post.

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On The Call: IBM CFO on business spending (AP)

October 15, 2009
AP - IBM Corp.'s latest quarterly results pull in two directions at once. Sales were down 7 percent as corporate technology spending remained weak, but net income was up 14 percent, mostly the result of IBM's ability to wring more profit from its services and software divisions.No tag for this post.

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