Newbridge flogs Cambrian stake to Nortel

Newbridge Networks has agreed to pull out of Cambrian Systems and sell its stake to Nortel Networks. The Canadian networking vendor will sell its approximate 40 per cent holding in the company in a transaction valuing Cambrian at up to $300 million. Newbridge will continue to access Cambrian's dense wave division multiplexing (DWDM) products through its existing OEM agreement.®