Nortel Pensioners Resigned to Their Fate

A former Nortel vice president is trying to collect 25,000 signatures via an online petition. Problem is, hes only been able to get 300 names in two weeks.

Nortel Profits in Q1 As Unit Sales Finalized

Nortel Networks reported a $355 million first-quarter profit thanks to the sale of several of its assets. The bankrupt telecom equipment maker, once a formidable name in the industry, liquidated its CDMA, LTE access, DiamondWare, and two other, smaller, businesses in the three months ended March 31. The activity led to the financial gains, compared […]

Ciena Laying Off Workers Post-Nortel Deal After All

Corporate America can be a cruel mistress. In late March, as Ciena Corp. (CIEN) took over Nortel Networks’ Ethernet assets, assurances ran rather freely that employment, not pink slips, would remain the norm. We should have known better. Ciena said in a Securities and Exchange Commission (SEC) filing on Wednesday that it will in fact get […]

Avaya Makes Strides With SIP, Nortel Acquisition

Interop — Session Initiation Protocol (SIP) will be the driving force for innovation in unified communications in the years to come. So said Avaya CEO Kevin Kennedy this week during his keynote address at Interop in Las Vegas. Kennedy called SIP a network game-changer, right up there with TCP/IP. He said SIP will allow applications […]

Moodys Takes Issue With S&P View of GENBAND-Nortel

Oh, what a dangerous web competing ratings services can weave, raising the question, “Who’s right?” Well, perhaps it’s best to draw one’s own conclusion. In the meantime, Moody’s Investors Service has issued its own opinion of GENBAND’s purchase of Nortel Networks’ carrier VoIP group – this after Standard & Poor’s draped GENDBAND with a negative […]

Nortel Deal Lands GENBAND a Negative Corporate Outlook

GENBAND Inc.’s pending takeover of Nortel Networks’ carrier VoIP assets has some credit analysts a little uneasy. Because the Nortel unit measures five times as large as GENBAND, and because both companies’ revenue has been falling, ratings service Standard & Poor’s made a move. The company assigned GENBAND a ‘B’ corporate rating with a negative […]

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