Archive for January, 2007
Next Entries »Frank Dunn’s Alive!
Monday, January 8th, 2007After hiding out for most of the past two years since he was abruptly booted from Nortel for allegedly cooking the books to trigger a lucrative bonus structure, the Ottawa Business Journal reports that ex-Nortel CEO Frank Dunn has emerged in Ottawa as a business strategy advisor with QCL Growth Partners Inc., a consulting firm. [...]
Nortel Misses Out on Sprint Deal
Saturday, January 6th, 2007As the Wall St. Journal reported last week, Nortel has not been selected to be part of Sprint Nextel’s suppliers for its $1.5-billion to $2-billion WiMax project. Instead, Sprint selected Nokia. In a report, Genuity Capital analyst David Hodgson said “We believe this is a significant blow to Nortel, which had high hopes (both internally [...]
All Zafirovski, All the Time
Thursday, January 4th, 2007The Wall St. Journal’s coverage of Nortel continued earlier this week with a 2,500-word front page story on CEO Mike Zafirovski. It’s essentially everything you wanted to know about Mike Z. but were afraid to ask.
TORONTO — Mike Zafirovski, Nortel Networks Corp.’s new chief executive, got a rude shock when he met with his finance [...]
WiMax vs. DSL vs. Cable
Thursday, January 4th, 2007There’s clearly a lot of interest in WiMax these days, particularly in the wake of Sprint’s multi-billion dollar investment to build a nation-wide network. Before anyone gets too carried away, Total Telecom offers up some insight into how WiMax is going to have a big challenge penetrating the high-speed business in developed markets, which are [...]
Trapeze Considering IPO
Wednesday, January 3rd, 2007Trapeze Networks, which generates a lot of revenue from an OEM relationship with Nortel, could be considering an IPO in 2007. According to a LightReading story, the enterprise Wi-Fi start-up could be following in the footsteps of rival Aruba Wireless, which has filed for a $100-million IPO. If Trapeze does go public, it could see [...]
The Deal is Done!
Tuesday, January 2nd, 2007Nortel has finally completed the sale of its UMTS business unit to Alcatel-Lucent (Isn’t it time for a new name yet?) for $320-million in cash - “less significant deductions and transaction related costs” (How much is “significant”?). Just out of curiosity, does AL simply wire the money into Nortel’s bank account, or does Patricia Russo [...]
Nortel’s WiMax Dreams
Monday, January 1st, 2007By 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 [...]
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