Dreaming of Potential Deals

There's been lots of discussion about possible acquisitions in the telephony/communications industry of late. My favortie scenario: Microsoft acquires Nortel, and IBM picks up Siemens' enterprise software business. Given their close relationship around UC, the Nortel/Microsoft works nicely. Same goes for IBM/Siemens--IBM already OEMs Siemens' technology for its upcoming Unified Telephony product, and the two companies have hammered home the idea of openness in the market.Of course, such deals would create some challenges. Microsoft would suddenly find itself in the hardware business, since it would have to support Nortel's legacy PBX customers for many years to come. IBM would, too, but at least the company has experience in the space (albeit, not recently, but still...). On the other hand, IBM would clearly have to back-track on its messaging that it is NOT in the telephony business.All this is just musing... what potential M&As do you like in this space?