Feeds

Is Avaya up for grabs?

Shares jump as tongues wag over possible buy-out

Secure remote control for conventional and virtual desktops

Avaya has seen its shares rocket by more than 15 per cent amidst speculative reports that a takeover bid for the network firm is imminent.

The market capitalisation of the firm shot up to just over $7bn after Avaya postponed its annual Wall Street analysts' meeting which was originally set for today.

The Financial Times said that the decision by the firm's board to delay the meeting pointed the finger toward the likelihood of a buy-out.

The network firm is in a strong position in what is seen as a mushrooming telecoms market with high demand from businesses wanting to switch from analogue to IP-based systems.

Prudential analyst Inder Singh told the FT that possible firms in the picture for a take-over bid could include the likes of rivals Cisco or Nortel.

But speculation suggested a lucrative offer from a private equity firm could also be in the offing.

Avaya shares closed at $15.76 on the New York Stock Exchange, up 15.2 per cent. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Ellison: Sparc M7 is Oracle's most important silicon EVER
'Acceleration engines' key to performance, security, Larry says
Linux? Bah! Red Hat has its eye on the CLOUD – and it wants to own it
CEO says it will be 'undisputed leader' in enterprise cloud tech
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Ello? ello? ello?: Facebook challenger in DDoS KNOCKOUT
Gets back up again after half an hour though
Hey, what's a STORAGE company doing working on Internet-of-Cars?
Boo - it's not a terabyte car, it's just predictive maintenance and that
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.