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Nortel’s WiMax Dreams
By Mark Evans | January 1, 2007
By now, everyone knows Nortel is counting on WiMax as a key strategic pillar. For more check out an interview with Peter MacKinnon, general manager of Nortel’s WiMAX business unit and chairman of the LG-Nortel joint venture, who said his team lobbied to increase the WiMax-related R&D budget to $50-million a year from $25-million in 2006. It doesn’t seem like a lot of money but it’s not bad given Nortel CEO Mike Zafirovski has made it clear Nortel needs to reduce its total R&D budget.
Topics: Financials, R&D, Wireless |