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What: Wireless network equipment maker DragonWave
So what: Nokia
Now what: DragonWave is buying Nokia Siemens' microwave networking operations in a supposedly game-changing $20 million cash-and-stock deal. Under that deal, Nokia Siemens becomes a major DragonWave customer as most of Nokia's microwave needs will be filled by the acquirer. But if the Finnish-German consortium is giving up on network installations, which is what this looks like, the value of that deal is eviscerated. On the brighter side, DragonWave avoids earn-out payments of as much as $100 million if the new division doesn't reach certain sales targets.
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