After Phillippe Morin’s e-mail to MEN employees appeared on AAN yesterday, Nortel is scrambling to clarity it strategic decision.
“We are not abandoning our Carrier Ethernet (CE) technology innovation, but simply focusing our Carrier Ethernet investment away from the switch/router segment,” a spokesperson said in an e-mail to xchange. “This [...] Continue Reading…
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The Nortel Networks Protection Committee, which was created a few weeks ago, is looking to hire a law firm to represent all U.S.-based Nortel employees in the bankruptcy protection proceedings.
The NNPC needs 1,000 people to sign up and pay a retainer of $250 each to secure the services [...] Continue Reading…
The internal e-mails are flying fast and furious at Nortel today. Here’s one from Philippe Morin, who heads up the Metro Ethernet Network business:
MEN team,
I am communicating today some important directional changes we are making to our Metro Ethernet Business. Over the course of the last few days and [...] Continue Reading…
Here’s Mike Zafirovski’s e-mail to Nortel employees about the fourth-quarter and 2008 results:
Team Nortel: Our Q4 and full-year 2008 results were made public just moments ago. As we are now under creditor protection, we will not be holding a financial analyst call. However, it remains critical that you understand [...] Continue Reading…
As expected, the fourth-quarter was a tough one for Nortel as sales dropped 15% to $2.72-billion, while $2.18-billion of write-downs and charges led to a net loss of $2.13-billion.
While the fourth-quarter was not good, Nortel CEO Mike Zafirovski said in a statement there’s a silver lining as “strong operating [...] Continue Reading…
Carrier VoIP Sales Stalled
The struggling global economy has taken its toll on the carrier VoIP equipment as sales fell 6% last year, the first time ever the market has declined.
Infonetics Research said large RBOCs and ILECs are slowing down on VoIP given that many large projects have been completed, while carriers [...] Continue Reading…