Well, I'm certainly not exaggerating when I say that this is the news story of the day. Following a report by Sunday Business today rumours are spreading fast that US networking hulk Cisco (worth $123bn) is considering acquiring Finnish phonemaker Nokia (worth $71bn). So here we have the world's largest maker of (fixed) infrastructure equipment (Cisco) interested in converging with the world's second-largest provider of mobile network infrastructure (Nokia). Makes sense, doesn't it?

Cisco and Nokia refused to comment. Ok, it's Sunday, I would've been surprised if they did.

[via Pocketfactory (http://www.pocketfactory.com/archives/2005/08/cisco_considers.php) (thanks guys!!)]