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Nortel Asia-Pacific plans major restructuring
News Nortel Networks will focus on a massive restructuring plan in its Asia-Pacific operations following news that the troubled network-gear maker filed for bankruptcy last week. In a statement on Monday from Nortel's Asia-Pacific headquarters, the...
[January 20, 2009, 8:22]
Nortel buys DiamondWare for voice tech
News Nortel Networks has bought a company that specialises in high-definition, '3D' voice technology. The deal, announced on Thursday, will see Nortel gain voice-communications systems that can give listeners a sense of proximity and positioning; if...
[August 21, 2008, 16:02]
Nortel cutting more jobs, divisions
News Nortel Networks said on Wednesday that it plans to cut 3,500 jobs and may sell its optical-components division. In its latest effort to get back on track, Nortel is focusing on restructuring its long-distance optical business.
[May 30, 2002, 7:32]
Nortel to shed nearly 10 percent of its workforce
News Nortel Networks is to lay off nearly 10 percent of its workforce and replace another 3 percent of staff with workers in low-cost countries. The cuts, which will affect 3,900 individuals, were described by Nortel chief executive Mike Zafirovski as...
[February 9, 2007, 16:13]
techTrader: Nortel hurdles Q3 estimates
News Nortel Networks soared past analysts' estimates in its third quarter Tuesday, earning $380m, or 28 cents a share, on sales of $5.39bn. Including a variety of one-time charges and acquisition costs, Nortel earned $1m in the quarter.
[October 27, 1999, 10:07]
Nortel lowers expectations
News Nortel Networks said on Thursday it expects third-quarter revenue to fall short of the $2.6bn (£1.4bn) sales it posted in the second quarter of 2004. Nortel had previously indicated that its revenue would grow faster than overall communications...
[September 17, 2004, 13:10]
Nortel set to acquire Alteon
News Nortel Networks will acquire Alteon WebSystems in a stock deal worth $7.8bn. The acquisition would be Nortel's largest to date. The deal calls for each Alteon share to be exchanged for 1.83148 shares of Nortel stock.
[July 28, 2000, 14:11]
Nortel finally releases results
News Financial data for the first two quarters are finally available for Nortel Networks, which on Thursday announced preliminary results plus a wave of firings related to a widening accounting scandal. Nortel, which had withheld results for the first...
[August 19, 2004, 16:10]
Nortel shares dive after second-quarter loss
News Shares of Nortel Networks sank as much as 17 percent on Friday after the company reported a second-quarter loss and warned that it faces challenges ahead. But Nortel asserted that revenue is expected to grow in the low single digits in 2008.
[August 4, 2008, 8:23]
Vodafone, Nortel announce 3G trials
News Vodafone (quote: VOD) has teamed up with Nortel Networks to trial 3G wireless radio and IP networking technologies, the companies announced Monday. Nortel and Panasonic will be providing the radio equipment, core data network and terminals for the...
[December 14, 1999, 10:07]
US firm trials 4G broadband
News Nextel said on Friday that Cisco Systems, Nortel Networks and IBM had signed on to the "4G" trial, which will use equipment from Flarion Technologies capable of downloading data at 1.5 megabits per second.
[February 9, 2004, 10:10]
Nortel pushes Super 3G to new heights
News Nortel claimed on Friday to have reached a new milestone for Super 3G by demonstrating a data connection at a speed of 3.6Mbps. Nortel claims that this is the first time that a live HSDPA datacard call with a transmission rate of 3.6Mbps has been...
[December 23, 2005, 11:15]
Nortel UK goes into administration
News On a global basis, adverse economic conditions have made the current capital structure of Nortel Networks Inc unsustainable and it is imperative that the group addresses its financial position and the legacy costs burdening its balance sheet, to...
[January 15, 2009, 16:38]
Sun creates server safety zones
News Nortel Networks participated in the project and will assist Sun in implementing installations. In developing the system, Sun largely worked on tuning its servers and storage systems for this sort of architecture while Nortel examined the high-speed...
[October 29, 2002, 10:48]
Alcatel-Lucent has potential, but dangers too
News An Alcatel-Lucent merger could push Nortel Networks to seek a merger with Ericsson or another European vendor so it could match the strength of reaching both the North American and global markets in dozens of spaces, said Blaik Kirby, vice...
[May 29, 2001, 10:47]
Critics carp at Cisco; Chambers shrugs
News They also should, analysts said, turn up the heat on such Cisco competitors as telephone equipment suppliers Lucent Technologies and Nortel Networks. The buyers of Cerent's 454 have primarily been telecommunications companies, which typically give...
[August 27, 1999, 8:47]
The Day Ahead: Cash cow Cisco whets acquisition appetite
News While Cisco, Nortel Networks and other networking powers post stellar earnings, Lucent Technologies, former Wall Street darling, is on the skids. On a conference call, Cisco officials said Lucent's fibre-optic gear business appears to be slowing...
[February 9, 2000, 14:58]
Techs duck and cover after WorldCom
News Cisco has limited exposure to WorldCom, but rivals such as Nortel Networks are expected to take their lumps too. Nortel issued a statement Wednesday saying it had "no material exposure to WorldCom" and no customer financing with the company.
[June 27, 2002, 8:43]
Chinese cellphone standard attracts German support
News Recently, Canadian networking equipment manufacturer Nortel launched a new TD-SCDMA laboratory with Datang in Beijing. Nortel will provide the core network, while Datang provides the access network. The TD-SCDMA standard can satisfy the...
[September 2, 2003, 9:40]
Avaya could buy Nortel Enterprise Solutions
Blog Nortel Networks' Enterprise Solutions business is likely to be sold to Avaya for $475m (£288m), the companies announced on Monday. The deal marks the latest sale of a Nortel division, following the Canadian networking firm's Chapter 11 bankruptcy...
[July 20, 2009, 16:51]
