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Nov 8, 2013

Exclusive: Alcatel-Lucent enterprise unit on the block again – sources

NEW YORK (Reuters) – Alcatel-Lucent is exploring the sale of a division that sells switches and communications gear to corporate clients, part of the French company’s efforts to shed 1 billion euros worth of assets by 2015, according to people familiar with the matter.

Alcatel-Lucent SA, which is in the midst of a turnaround and debt-reduction plan under Chief Executive Michel Combes, has brought in Lazard Ltd to help find a buyer for its enterprise business, the sources said this week.

Nov 8, 2013

Alcatel-Lucent enterprise unit on the block again-sources

NEW YORK, Nov 8 (Reuters) – Alcatel-Lucent is exploring the
sale of a division that sells switches and communications gear
to corporate clients, part of the French company’s efforts to
shed 1 billion euros worth of assets by 2015, according to
people familiar with the matter.

Alcatel-Lucent SA, which is in the midst of a
turnaround and debt-reduction plan under Chief Executive Michel
Combes, has brought in Lazard Ltd to help find a buyer
for its enterprise business, the sources said this week.

Nov 7, 2013

IBM’s CFO Loughridge to retire by year-end

By Nicola Leske and Nadia Damouni

(Reuters) – IBM’s (IBM.N: Quote, Profile, Research, Stock Buzz) Chief Financial Officer Mark Loughridge is retiring at the end of the year after almost a decade on the job as the technology services provider struggles with declining revenue and weakness in emerging markets.

Loughridge, who joined International Business Machines in 1977 as a development engineer, will be succeeded by Martin Schroeter, who was previously IBM’s head of global finance, the company said in a filing to the Securities and Exchange Commission on Thursday.

Nov 6, 2013

Exclusive: Microsoft narrows CEO shortlist; Mulally, Elop make the cut

NEW YORK (Reuters) – Microsoft Corp has narrowed its list of external candidates to replace Chief Executive Steve Ballmer to about five people, including Ford Motor Co chief Alan Mulally and former Nokia CEO Stephen Elop, according to sources familiar with the matter.

The world’s largest software maker also has at least three internal candidates on its shortlist, including former Skype CEO Tony Bates, who is now responsible for Microsoft’s business development, and Satya Nadella, the company’s cloud and enterprise chief, the sources said.

Nov 6, 2013

Microsoft narrows CEO shortlist; Mulally, Elop make the cut

NEW YORK, Nov 5 (Reuters) – Microsoft Corp has
narrowed its list of external candidates to replace Chief
Executive Steve Ballmer to about five people, including Ford
Motor Co chief Alan Mulally and former Nokia
CEO Stephen Elop, according to sources familiar with the matter.

The world’s largest software maker also has at least three
internal candidates on its shortlist, including former Skype CEO
Tony Bates, who is now responsible for Microsoft’s business
development, and Satya Nadella, the company’s cloud and
enterprise chief, the sources said.

Nov 4, 2013

Exclusive – Activist investor Voce pushes ConMed to sell

NEW YORK (Reuters) – Activist investor Voce Capital Management LLC is pushing ConMed Corp (CNMD.O: Quote, Profile, Research) to pursue a sale, saying it believes the surgical-device maker could attract buyout interest from at least a dozen industry peers, according to a letter seen by Reuters on Sunday.

Voce Capital, which holds less than 1 percent in ConMed, is expected to send a 13-page letter to the company’s board as soon as Monday, saying it believed several suitors had approached ConMed about a buyout but had been turned away. It was not clear when the approaches were made or who made them.

Nov 1, 2013

Exclusive: Charter weighs bid for Time Warner Cable by year-end -sources

NEW YORK (Reuters) – Charter Communications Inc is weighing a bid for Time Warner Cable Inc before the end of the year, and working on details of a deal structure that would appeal to Time Warner Cable’s shareholders, people familiar with the matter said.

John Malone’s Liberty Media Corp, which owns about a quarter of Charter, approached Time Warner Cable earlier this year about merging Charter and Time Warner Cable. But sources said Time Warner Cable’s management was cool to the idea of a tie-up.

Nov 1, 2013

Charter weighs bid for Time Warner Cable by year-end -sources

NEW YORK, Nov 1 (Reuters) – Charter Communications Inc
is weighing a bid for Time Warner Cable Inc
before the end of the year, and working on details of a deal
structure that would appeal to Time Warner Cable’s shareholders,
people familiar with the matter said.

John Malone’s Liberty Media Corp, which owns about
a quarter of Charter, approached Time Warner Cable earlier this
year about merging Charter and Time Warner Cable. But sources
said Time Warner Cable’s management was cool to the idea of a
tie-up.

Oct 18, 2013

Exclusive: Motorola looking to exit wireless LAN business – sources

NEW YORK (Reuters) – Motorola Solutions Inc is exploring the sale of its underperforming wireless LAN business, which has grappled with declining share in a market dominated by rivals such as Cisco Systems Inc, people familiar with the matter said.

An exit from the wireless LAN market would come as Motorola, the provider of data communications and telecommunications equipment, seeks to focus on its core government and public safety division.

Oct 17, 2013

Lenovo will face obstacles in any BlackBerry deal: source

NEW YORK/TORONTO (Reuters) – Chinese computer maker Lenovo, which has signed a non-disclosure deal to examine BlackBerry’s books, faces regulatory obstacles if it bids for all of the company and will likely pursue just parts, a source familiar with the matter said on Thursday.

BlackBerry Ltd said in August it was exploring options that could include an outright sale. And the Canadian company, which helped pioneer smartphones, has since been linked with a string of potential buyers from private equity firms to rival technology companies.