Ericsson's chief executive has fuelled speculation that the Swedish company will make a bid for Bay Networks.
Meeting journalists in Australia last week, Sven-Christer Nilsson admitted Ericsson is interested in data networking specialists in Silicon Valley.
A company spokesperson declined to comment on whether it is about to put in a bid for Bay, which is reported to have turned down an offer from Ericsson's rival telecomms equipment maker Nortel. But Nilsson's comments appeared to lend weight to the growing speculation that Ericsson is wooing the California data networking company.
But the spokesperson claimed Ericsson is after smaller fry than Bay. "For some time the chief executive has said he would like to make an acquisition or partnership with a data networking company but it would not be an acquisition of larger listed companies. It would be a small to medium sized company possibly around Silicon Valley where there are many companies with data networking experise."
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