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Category Archives: General
Nortel Provides Bankruptcy Update
It’s been a long time since Nortel talked about the bankruptcy protection process, which started more than a year ago before moving into the “let’s sell everything but the kitchen sink” mode last June. Today, Nortel issued a press release that talks about well it has done in managing the bankruptcy process and the asset [...]
Avaya to Unveil New Road Map on Jan. 19
With the $915-million purchase of Nortel’s enterprise division now complete, Avaya plans to provide analysts with a roadmap of its strategic plans for the new, larger business on Jan. 19. Aside from providing details about how Nortel’s 6,000 employees will fit into the scheme of things, Avaya CEO Kevin Kennedy is also expected to talk [...]
Thanks for Coming Out…Not
Here’s a letter to Nortel’s board and senior executives from the wife of an employee, who recently celebrated his 30th anniversary with the company. Unfortunately, 30 years of service doesn’t seem to warrant any kind of recognition these days. To Whom It May Concern: As I type that greeting, it occurs to me that it [...]
Nokia Siemens to Bid for MEN
It looks like Ciena will not be the only bidder for Nortel’s metro Ethernet network business, which goes on the auction block tomorrow. According to TheStreet, Nokia Siemens Networks (NSN) will be submitting an offer that could include an investment from private-equity firm One Equity Partners. One Equity’s investment portfolio includes TVGuide, CarlsonWagonlit Travel, Telwares [...]
Nortel’s November
November looks like it could be an interesting month for Nortel. Here’s what’s on tap: - Nov. 13: The auction for the metro Ethernet networking business is scheduled to take place, although there are reports it could be delayed to give potential bidders more time to prepare offers. - Nov. 16: The company’s third-quarter results [...]
Nortel Provides Bankruptcy Update