Alcatel-Lucent (ALUA.PA) is holding meetings in San Francisco this week with prospective suitors to scout out buyout interest in its $1 billion plus enterprise business, several people familiar with the matter said. A slew of private equity firms are expected to be among the potential buyers taking meetings with the telecom equipment maker, the sources said. The few strategic parties that could show an interest include Cisco (CSCO.O), Hewlett-Packard (HPQ.N) and Avaya , these sources said. Siemens Enterprise Communications (SEN), which is 51 percent owned by Los Angeles-based private equity firm Gores Group, is considered to be the frontrunner in the process, two of the sources said. German engineering group Siemens (SIEGn.DE) owns the rest and would likely have a say in any decision to buy.
Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use. Shares of CSCO remained unchanged at $17.1. In the past year, the shares have traded as low as $16.52 and as high as $27.74. On average, 80755904 shares of CSCO exchange hands on a given day and today's volume is recorded at 300.
Hewlett-Packard Company (HP) is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. Shares of HPQ remained unchanged at $40.53. In the past year, the shares have traded as low as $37.32 and as high as $54.60. On average, 19239500 shares of HPQ exchange hands on a given day and today's volume is recorded at 0.