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Topic: Nortel


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  Nortel Networks - Wikipedia, the free encyclopedia
Nortel shares soared in the late 1990s and collapsed in 2002 along with the technology bubble.
Nortel's board has faced criticism for allowing the company's accounting fiasco to go on and approving the bonus plans, but none of the five directors were accused of wrongdoing in a company investigation.
Nortel Networks is a long established industry leader in delivering end-to-end carrier grade telecommunications network infrastructure and solutions.
en.wikipedia.org /wiki/Nortel   (1487 words)

  
 USATODAY.com - Nortel to cut another 3,500 jobs   (Site not responding. Last check: 2007-11-07)
Nortel now expects second-quarter revenue to be flat to down 5% from the $2.91 billion reported in the first quarter.
Nortel said it has sufficient liquidity to fund the realignment actions and operations and expects to be in compliance with its covenants under various bank facilities.
Nortel expects the overhaul of the optical long-haul business to be completed by the end of the third quarter.
www.usatoday.com /tech/techinvestor/2002/05/29/nortel-cuts.htm   (487 words)

  
 Nortel - Encyclopedia.WorldSearch   (Site not responding. Last check: 2007-11-07)
When Nortel's stock crashed, it took with it a wide swath of Canadian investors and pension funds, and threw 60,000 Nortel employees out of work.
Nortel delivers network infrastructure and communication services to customers in 17 countries across Asia including China, Hong Kong, Korea, Japan, Singapore, Thailand, Malaysia, India, Pakistan, Australia, and New Zealand.
Nortel has long been a main equipment supplier to Bell Canada, a role similar to Western Electric in the USA.
encyclopedia.worldsearch.com /nortel.htm   (1155 words)

  
 CBC News Indepth: Nortel   (Site not responding. Last check: 2007-11-07)
Nortel's best customers – telephone and data carriers – began warning that they would be drastically cutting back on their purchases of specialized Nortel equipment.
Nortel said it was on track to report a profit by the middle of the year.
Nortel's problems continued when it said on June 2, 2004, that its updated financial results for 2003 and the first quarter of 2004 still weren't ready.
www.cbc.ca /news/background/nortel   (1133 words)

  
 Nortel: Careers - FAQ   (Site not responding. Last check: 2007-11-07)
Nortel is a strong supporter of these programs and often hires co-op or internship students.
An Alumnus is anyone who has worked at Nortel in the past in a regular full time, regular part time or temporary full time position and has been on the corporation's payroll (this includes students).
Former Nortel employees who were within the scope of a divestiture (sale of business) may not be eligible, depending on the terms and conditions of the sale of business agreement.
www.nortel.net /employment/faq.html   (897 words)

  
 Nortel layoffs, losses have industry asking: What's next
Nortel, which last week announced plans to fire up to 20,000 more people, shutter more "noncore" operations and replace its CEO with its CFO, is streamlining its business again after warning of another multibillion-dollar quarterly loss.
Nortel has been selling off pieces of itself since mid-year - the most recent being the Clarify CRM operations, for one-tenth of what Nortel purchased it for, and the DMS circuit-switch manufacturing operations - and the pace is likely to pick up.
Nortel is becoming a more attractive target for someone else to buy; in fact, "the possibility has never been more likely," states investment firm UBS Warburg in a recent report.
www.networkworld.com /news/2001/1008nortel.html   (1174 words)

  
 Nortel weighs on optics - Oct. 25, 2000
Meanwhile, Nortel competitors Cisco (CSCO: Research, Estimates) fell $3.25, or 5.9 percent, to $51.62; and Lucent (LU: Research, Estimates) fell $1.25, or nearly 6 percent, to $20.38.
Part of Nortel's decline on Wednesday can also be attributed to investors holding the company to loftier expectations to not just meet expectations, but top them as well, according to SG Cowen analyst Christin Armacost.
"Nortel is the bellwether, so the concern is that the issues that Nortel was talking about are industry-wide," he said.
money.cnn.com /2000/10/25/technology/nortel   (876 words)

  
 Fool.com: Nortel: You Must Be Joking [Commentary] July 7, 2004
Nortel is in technical default with some of its creditors.
Nortel spent aggressively to build out its capacity to meet the anticipated ongoing demand, which failed to materialize.
As Nortel's new CEO Bill Owens noted in an April conference call (accessed courtesy of CCBN), most of the company's focus for its 2003 restatement is on an accounting convention known as accrued liabilities.
www.fool.com /news/commentary/2004/commentary04070707.htm   (1538 words)

  
 Nortel to cut 10,000 more jobs, post loss - Jun. 15, 2001
Toronto-based Nortel, one of the biggest makers of optical equipment for telecommunications networks, also eliminated its common stock dividend in a bid to save cash and said it will stop producing equipment for the high-speed DSL Internet access market.
Roth blamed Nortel's problems on a significant slowdown in sales to telecom service providers, which have also been struggling with the slowing economy and a shrinking long-distance telephone market.
Nortel, which will take a $12.3 billion charge in the second quarter to write off the value of intangible assets on its books, said the 10,000 job cuts are in addition to 20,000 cuts announced in April.
money.cnn.com /2001/06/15/technology/nortel   (483 words)

  
 Boston.com / Business / Technology / Nortel fires chief executive
Nortel Networks Corp., North America's largest maker of telephone equipment, fired chief executive Frank Dunn, saying a second restatement in less than six months may reduce last year's earnings by 50 percent.
Nortel in March said it was re-examining the establishment of and release to income of certain accruals and provisions in 2003 and earlier periods and might have to restate results a second time.
Nortel said that although its current review isn't complete, a previously reported profit for the first half of 2003 will be restated as a net loss.
www.boston.com /business/technology/articles/2004/04/29/nortel_fires_chief_executive   (618 words)

  
 Nortel restates results, cuts profits | Tech News on ZDNet
Nortel also said that five directors, including Chairman Lynton Wilson, will retire from the board when their terms are over.
Nortel said the restated financials are a significant step in putting the 10-month scandal behind it.
Nortel has not pursued legal action against these individuals, but authorities in the United States and Canada are investigating the situation.
news.zdnet.com /2100-1035_22-5531689.html   (626 words)

  
 Network World: Users wary of Nortel's woes
Guo adds that he was impressed recently with Nortel's support during the World Trade Center attacks, when the vendor sent a "SWAT team" of engineers to help the court system set up an emergency voiceover-IP network to circumvent downed telephone lines as a result of the attacks.
Despite his good feelings about Nortel, Guo realizes that a company that ends the year with half the employees it had at the beginning needs to be scrutinized.
Nortel has been one of the hardest hit during the enterprise markets recent struggles, the time hasn't come to abandon the company just yet, says Phil Kwan, associate director of network infrastructure at Incyte Genomics in Palo Alto.
www.findarticles.com /p/articles/mi_qa3649/is_200111/ai_n9005562   (949 words)

  
 CANOE Money: Sectors - Technology - rtel
TORONTO (CP) - Nortel Networks is delaying the release of its second-quarter results by five days until Monday, Aug. 8, saying it is changing its reporting date to align it more closely with the filing of its results with U.S. regulators.
OTTAWA -- Nortel CEO Bill Owens talked at length yesterday about turning the telecom equipment maker into a lean, mean competitive machine, but the former U.S. admiral won't find nearly as much waste to toss overboard as he would have if he had taken the helm three years ago.
While Nortel CEO Bill Owens said in a teleconference yesterday 3,500 positions will be cut from the North American workforce, local analysts are banking the telecom equipment manufacturer's emphasis on research and development here will give us immunity at tribal council.
money.canoe.ca /News/Sectors/Technology/Nortel   (412 words)

  
 Forbes.com: Should Cisco Buy Nortel?   (Site not responding. Last check: 2007-11-07)
Nortel shares have fallen more than 80% year-to-date, as the firm struggles to remake itself as a smaller but more profitable player.
Chambers tried to shoot down the Nortel rumors with his "not in the cards" remarks, which were made in Toronto earlier this month.
Nortel's bold move hasn't worked out, but that does not mean Cisco should not now make a bold move of its own.
www.forbes.com /2001/10/19/1019cisco.html   (687 words)

  
 Nortel: Careers - Transforming the Future @ Nortel   (Site not responding. Last check: 2007-11-07)
Nortel is leading the transformation of the multiple single purpose networks of today into a seamless secure multimedia services network that allows users to converge on one network.
One of Nortel greatest strengths is its ability to link together best in class R&D researchers, engineers, and scientists, across different technological, market, and cultural environments, drawing upon the best and most innovative minds in the world.
The thousands of men and women who work at Nortel all have one thing in common- they share a passion for our company, our customers, and the potential of communications to dramatically transform how we live and work.
www.nortel.net /employment/future.html   (463 words)

  
 CBC News:Nortel stock hammered as two finance executives put on paid leave   (Site not responding. Last check: 2007-11-07)
Nortel said it was co-operating with inquiries from the U.S. Securities and Exchange Commission and a request for more information made by the Ontario Securities Commission.
The review dates back to October 2003, when Nortel served notice that it was going to restate its results dating back to 2000.
On March 10, Nortel warned it will likely need to revise its previously-announced unaudited results for 2003, some of its quarterly reports for the year, and one or more earlier periods.
www.cbc.ca /stories/2004/03/15/business/nortel_040315   (301 words)

  
 Nortel loses CFO, cites challenges | CNET News.com
Nortel's outlook coupled with the questions about Hungle could not come at a worse time for the former highflier, which has been hit hard as its customers pull back on capital spending and which can ill afford the perception that its financial house is not in order.
Nortel said Tuesday it still expects to see sales growth start to improve in the second quarter and to turn a profit in the fourth quarter.
For the first quarter, Nortel said it expects sales to be down about 10 percent from the preceding quarter, but hitting that target will be difficult.
news.com.com /2100-1033-834679.html   (876 words)

  
 Nortel News - Nortel, Industry News
Nortel has hired another former Cisco executive to be its chief technology officer.
Nortel and other top makers of wireless equipment are adding more VoIP to cell phones.
Nortel adds former Cisco exec, shuffles management again, as regulators and law enforcement continue investigating the company's accounting.
news.zdnet.com /2038-9595_22-0-company.html?id=14860&name=Nortel   (487 words)

  
 Nortel: Email Newsletters - Modify Your Profile
Nortel distributes a variety of communication vehicles in order to provide recent content that is relevant to you.
Nortel will periodically provide email alerts regarding new products, feature and functionality improvements, manufacture discontinue notices, etc. To sign up for these emails and customize your list, please click here.
Nortel is proud to support a Customer Community program designed to encourage an ongoing dialogue, and deliver the most current information and education on our portfolio of products, solutions and enabling technologies.
www50.nortelnetworks.com /kana/www/accountupdate.jsp   (815 words)

  
 BW Online | August 20, 2004 | Nortel Turns a Tiny Corner
Nortel overstated profits for 2003, leading to higher bonuses for executives and many workers.
Nortel's future earnings could also fall victim to dozens of lawsuits sparked by the accounting problems.
Nortel's gross margin, now 43%, leave much to be desired as well.
businessweek.com /technology/content/aug2004/tc20040820_1024_tc024.htm   (1308 words)

  
 ITworld.com - Nortel's fortunes look bright on the Verizon
Nortel Networks Corp.'s big sale of IP networking equipment to U.S. carrier Verizon Communications Inc. is significant in two ways, say industry analysts: it suggests that phone companies are serious about IP, and that Canada's former high-tech darling Nortel is on the mend.
On Tuesday Nortel announced that it had signed a letter of agreement with Verizon that would see the New York-based carrier purchase a boatful of Nortel IP switches and gateways.
Nortel will be Verizon's exclusive supplier of VoIP (voice-over-IP) infrastructure over the next three months, according to a Nortel press release.
www.itworld.com /Net/3303/040109nortelverizon   (966 words)

  
 Nortel Networks: Enterprise Portfolio Suggestion Box
Nortel Networks wants to provide products that meet its customers needs today and continuing into the future.
This agreement states the entire agreement between you and Nortel Networks concerning this subject matter and supercedes all prior discussions, agreements and understanding, either written or oral.
This agreement may not be amended except by a writing signed by you (or another authorized representative of your company) and an authorized representative of Nortel Networks.
www38.nortelnetworks.com /nn/ccm   (532 words)

  
 Vitria Press Releases | Nortel Networks Selects Vitria
With this agreement, Nortel Networks and Vitria are answering the demand of telecommunications carriers who have OSS automation needs.
Nortel Networks offers a comprehensive, pre-integrated OSS solution that facilitates the deployment of multiple new generation services, including IP VPN, DSL, wireless and optical services, within the same operational environment.
The integration of Vitria BusinessWare in Nortel Networks OSS solution will give service providers the flexibility to easily implement the solution alongside their existing OSS applications, such as existing databases and billing applications.
www.vitria.com /news/press_releases/pr_10-19-2000_2.html   (557 words)

  
 8th largest cable television company, has deployed a carrier grade dense wavelen :: NORTEL PORTAL :: Nortel, Nortel ...   (Site not responding. Last check: 2007-11-07)
Nortel Networks Global Cable Solutions include comprehensive, integrated cable solutions spanning video and video-on-demand, voice and multimedia communications, high-speed data services, managed network services for business customers, and next generation access.
Nortel Networks OPTera Metro 5000 Multiservice Platform provides proven DWDM and coarse wavelength division multiplexing (CWDM) optical solutions with more than 10,000 network elements deployed and over 27,000 wavelengths lit.
Nortel Networks was the leader in total optical transport and metro DWDM from 1999 through 2002, according to the Dell'Oro Group.
nortel.pbxinfo.com /modules.php?op=modload&name=News&file=article&sid=19   (619 words)

  
 Nortel Institute for Telecommunications of the University of Toronto
Nortel Institute for Telecommunications of the University of Toronto
The Nortel Institute for Telecommunications was designed as an inter-disciplinary, inter-faculty research institute based in The Edward S. Rogers Sr.
The Institute was established in 1997 through contributions from Nortel Networks, the University of Toronto, and the Government of Ontario.
www.nit.utoronto.ca   (131 words)

  
 Nortel info
LG Electronics and Nortel Wednesday sealed the deal on a telecommunications network equipment joint venture that was first announced in January of this year, they said.
Nortel and Softbank Group's BB Mobile unit have demonstrated a system in Japan that allows mobile-phone users to roam between 3G mobile networks and Wi-Fi networks, the companies said Wednesday.
Nortel is looking to re-enter the enterprise router market through a partnership to better compete against Cisco, according to Vice Chairman and CEO Bill Owens.
www.networkworld.com /news/financial/nortel.html   (1263 words)

  
 Nortel Networks Corporation   (Site not responding. Last check: 2007-11-07)
Nortel Networks is an industry leader and innovator focused on transforming how the world communicates and exchanges information.
The Company is supplying its service provider and enterprise customers with communications technology and infrastructure to enable value-added IP data, voice and multimedia services spanning Wireless Networks, Wireline Networks, Enterprise Networks, and Optical Networks.
As a global company, Nortel Networks does business in more than 150 countries.
itresearch.forbes.com /detail/ORG/952301540_94.html   (125 words)

  
 Phone Systems - 2 Year Warranty Up To 60% Off
NRG Communication is a North American reseller of Nortel Norstar Meridian business telephones and phone systems.
Nortel Norstar Compact ICS small business phone system with caller ID and Call Pilot 100 voice mail with 10 mail boxes package.
Nortel Networks, Meridian, Nortel, and Norstar are the registered trademarks of Nortel Networks Inc. NRG Communications is not affiliated with Nortel Networks Inc.
www.nrgcommunication.com   (314 words)

  
 Nortel Partner Branch Office VoIP Solutions | Quintum Technologies
Nortel Product Brief for the Tenor details how the Quintum Tenor extends the Communication Server 1000 to provide support for small branch offices.
Nortel Case Study describes how the town of St. Hyacinthe extended the capabilities to 70+ schools, municipal buildings and healthcare facilities using the Quintum Tenor.
Nortel Certificate of Compatibility: Tenor A400 and A800 (Release 3.0, January 28, 2004)
www.quintum.com /main/nortelpartner.html   (142 words)

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