ENTERASYS teams up with SIEMENS

Topic

Recent news re: Enterasys Networks - they have for many years been in discussions with Siemens regarding joint ventures...

This seems to be a good thing for all concerned.
Press release from the Enterasys website:

Munich, Germany -- Oct 1, 2008
Siemens AG and The Gores Group, a U.S.-based private equity firm both known for their operating expertise, have completed a joint venture transaction in which Gores acquired a 51 percent stake in Siemens Enterprise Communications. Siemens will maintain a 49 percent ownership interest in the joint venture. The joint venture will start operations on October 1, 2008.