According to a report in The Wall Street Journal, Nortel and Avaya have entered into acquisition talks but failed to reach a deal because of price and whether Nortel would use stock or cash. Avaya, of course, used to be part of Lucent. According to Avaya's website: "Avaya's existence as a standalone company began Oct. 2, 2000, when we were spun off from Lucent Technologies and began trading on the New York Stock Exchange under the symbol AV." Article
