Preferred Systems Solutions Inc. has acquired Integrated Network Services Inc., an information technology company specializing in mission critical systems and applications for the intelligence and defense communities.
The rumored sale by Networx contract holder Qwest Communications International of its long-haul network is, as suggested by telecom analyst Warren Suss, “mere speculation.”
Individual business units of Nortel Networks Corp., the Canadian telecommunications gear maker under Chapter 11 bankruptcy protection, are available for sale, the Financial Times reports.
Harris Corp. will proceed with its move to spin off its wireless transmission networks unit following the approval of the company’s board of directors.
IBM Corp. might acquire Sun Microsystems to expand its data centers capabilities before an anticipated consolidation in the server market, according to market watchers.