Investors must have liked the LTE announcement and/or analysts got really encouraged during Nortel’s annual analyst day as the company’s shares have jumped nearly 12% to $9.07 in New York – the highest they’ve traded in more than three months.
More: Barron’s Tech Trader Daily has a blog on the rebound of Nortel shares. As well, you can get a lot of information about the investor presentations on Nortel’s Buzzboard blog.
Verizon Telecom Selects Nortel for Next Generation Metro Ethernet Backbone Switch
Nortel Carrier Ethernet Solution Delivers Scaling and Operational Simplicity for Ethernet Services
June 11, 2008: 08:00 AM EST
Nortel(1) (TSX: NT)(NYSE: NT) has been selected by Verizon Telecom to provide a new generation of switching equipment to help Verizon expand its metro Ethernet backbone.
The technology Verizon has chosen is the Metro Ethernet Routing Switch (MERS 8600). This platform provides Provider Backbone Bridge (PBB) technology, MPLS related technology, and the Metro Ethernet Manager (MEM) system. Verizon will be testing all the MERS technologies in its laboratories for use with its Ethernet-based networks, including the Switched Ethernet Services (SES) network.
“We look forward to working with Verizon in expanding their metro Ethernet network with a next generation packet-based network infrastructure,” said Philippe Morin, president, Metro Ethernet Networks, Nortel. “Our carrier Ethernet solution offers the flexibility and scalability to support the new applications and requirements Verizon needs.”
The Nortel solution includes industry-leading PBB and Ethernet OAM technologies. Nortel's PBB-based solution is the most cost effective solution that enables service providers to significantly scale their networks. Additionally, fault monitoring allows rapid troubleshooting to meet strict Service Level Agreements (SLAs) and ensures a better customer experience.
The performance and troubleshooting features built into the MERS 8600 are complemented by MEM, Nortel's network element and service management solution. Service providers can not only use MEM to proactively monitor and manage the network, but also accelerate service enhancements and new service introduction.
As the first vendor to support PBB, PBT, and Ethernet OAM technologies, Nortel is continuing to transform Ethernet into a true carrier-class technology that is simpler to deploy and supports a richer set of business connectivity and triple play services, wireless aggregation and backhaul applications.
Nortel is leading the migration toward carrier Ethernet solutions for next generation, packet
To get a better picture of what is going on today, take a look at the Nortel Buzzboard blog. Some interesting captures from various executive speaches at their Analyst Day today. The broader strategy is much more clear coupled with the other announcements made today.
puddintane
Are they investing in NT stock long-term based on their new and improved quality (and in solidarity with reducing global electricity) , or are they goosing the price up only to profitably bail in another three months so they can keep filling their SUVs with gas?
NT Shares Jump
Investors must have liked the LTE announcement and/or analysts got really encouraged during Nortel’s annual analyst day as the company’s shares have jumped nearly 12% to $9.07 in New York – the highest they’ve traded in more than three months.
More: Barron’s Tech Trader Daily has a blog on the rebound of Nortel shares. As well, you can get a lot of information about the investor presentations on Nortel’s Buzzboard blog.
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