All the News about Nortel Networks

All About Nortel

• Home
• About
• Advertise
• Contact
• Privacy

Archive for October, 2007

New RSS Feed

You may have noticed a new look for All About Nortel now that it’s been moved to a new Web host (A Small Orange) from b5media. While the look and feel will change as soon as I find a good three-column theme, there is a new RSS feed so subscribing should be easier than ever.

Nortel Partners with Dell

Lost amid Microsoft’s announcement earlier this week about its unified communications products was a deal that will sell Nortel’s enterprise products, including its VoIP, data and wireless networking products. To support its sales activities, Dell will also be using Nortel’s professional services.
While Dell is known more for selling PCs and laptops, it seems like [...]

Nortel Being Sued by SEC

In addition to pursuing ex-Nortel executives, the U.S. Securities and Exchange Commission is now suing Nortel for manipulating its earnings in 2000, 2002 and 2003. The SEC filed its complaint - SEC vs. Nortel, 07-cv-8851 - in the U.S. District Court, Southern District of New York (Manhattan).
Update: Nortel will pay $35 million to settle civil [...]

Big Day for Microsoft-Nortel

Ever since Nortel unveiled a strategic alliance venture with Microsoft involving unified messaging, there has been a lot of interest in how well - or badly - the marriage has been doing.
An important event in their corporate relationship will happen tomorrow in New York San Francisco when Microsoft’s Bill Gates will introduce three “unified communications” [...]

RBC Reduces Target Price

RBC analyst Mark Sue has gone somewhat bearish on Nortel. In a research report, he slashed his target price to $18 from $22 while keeping his rating at “sector perform”.
“Nortel still lacks a competitive product offering in numerous segments and also lacks the broad scale to compete at a global level,” he wrote in a [...]

Dating Before Marriage?

This little tidbit didn’t attract much attention but, nevertheless, it is intriguing for anyone into rumors and speculation: Nortel and Polycom Inc. will be offering joint solutions for telepresence and high-definition video conferencing to U.S. federal government agencies.
In and of itself, the announcement is pretty plain vanilla but given all the speculation about Nortel’s acquisition [...]

Will Sprint Kill its Wi-Max Strategy?

For many telecom equipment suppliers, including Nortel, there has been a concerted strategic focus on Wi-Max given its potential to create high-speed wireless networks.
At the forefront of the Wi-Max “revolution” has been Sprint Nextel, which plans to spend $5-billion over the next three years - a staggering investment - to build a Wi-Max network in [...]

A Better Switch Than Cisco’s?

While the telecom equipment market is far from robust, it is encouraging to see start-ups still attracting financing.
Case in point is ConSentry, a Silicon Valley-based network switch maker, that just raised $21 million of venture capital. The deal was led by Ontario Teachers’ Pension Plan, while Sequoia Capital, Accel Partners, INVESCO Private Capital and DAG [...]

Alcatel Scrambling Too

As much as the spotlight has been on Nortel’s ongoing efforts to restructure itself and reduce operating costs, it’s not the only telecom equipment supplier scrambling to remain competitive.
Alcatel-Lucent, for example, is struggling to reduce costs and deal with unions not particularly overjoyed about the prospects of watching jobs eliminated. Since Alcatel and Lucent were [...]

The 4.25% Solution

Here’s Motley Fool’s take on Nortel recently redeeming $1.125-billion of 4.25% senior convertible notes that were due next September.
Good news, right? You’d think so. Nortel has been saddled with debt for so long that any meaningful balance-sheet progress is likely worth celebrating. But is it here? Honestly, I’m not so sure. Look at that interest [...]