Hewlett-Packard may be about to embroil itself in a bidding war with IBM over Israel-based networking and security vendor Radware.
Market interest in Radware, which bought Nortel's layer 4-7 application delivery switch business for a bargain basement price in 2009, has soared since the reports emerged.
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According to Israel's Globes news service, Radware could fetch as much as $945m or $45 per share, a 60% premium on its market price.
Radware made sales of $35.2m in its most recently reported quarter, and posted GAAP net income of $1.5m.