Nortel has Cisco in its networking sights

Nortel takes aim at Cisco with router price cuts
update The firm details a two-pronged strategy intended to hit rival communications equipment provider Cisco Systems where it hurts.

Lucent optical router ups high-capacity ante
The telecom equipment maker's technology uses microscopic mirrors that will allow carriers to boost the capacity of long distance networks up to 10 times current Internet speeds

Cisco to buy Aironet in wireless network bid
The networking giant will purchase the wireless product maker for approximately $799 million, in its continuing bid to deliver wireless networks to mobile businesses.