Newbridge mum on Ericsson takeover rumors

Canada's Newbridge Networks Corp. refused to comment on Wednesday after Swedish telecommunications equipment maker Ericsson said it is not opposed to making large acquisitions such as a takeover of Newbridge. Ottawa-area telecommunications equipment maker Newbridge has been seen as a takeover target since issuing its sixth earnings warning in 10 quarters on November 2 and announcing the resignation of President Alan Lutz. The company's stock was subsequently battered by investors, but takeover rumors have helped it regain some ground. -- Reuters