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Nortel Networks Filed for Bankruptcy Protection
2009-01-14 20:24:00 Original Post on The Sun's Financial Diary Nortel Networks Filed for Bankruptcy Protection Original Post on The Sun's Financial Diary Nortel Networks Filed for Bankruptcy Protection When I first learned that Nortel Networks (NT) has sought bankruptcy protection this morning via @MarketWatch on Twitter (you can follow me on Twitter), I wasn’t really surprised (OK, a little bit). Wasn’t it just a month ago when reports came out that the ...
Nortel Networks Swings to 3Q Profit
2007-11-13 17:09:00 Nortel Networks had its best quarter in over 3 years, sending shares up 12% Tuesday. Net income totaled $27 million, or 5 cents per share, versus a prior-year loss of $63 million, or 14 cents per share. The latest quarter includes charges of $56 million for restructuring, a $33 million tax expense, a loss of $3 million on the sale of assets, a gain of $67 million gain on foreign exchange rates and a $14 million gain due to a market value adjustment on an interest rate swap. "Nortel achieved solid results this quarter in a challengin
Cisco, Microsoft Resume Unified Communications Battle
2007-10-11 18:13:00 Ali vs. Frazier. Yankees vs. Red Sox (well, not this year...). Cisco vs. Microsoft. There's nothing like a showdown between two titans who love to brawl. By now, you know Cisco and Microsoft have high hopes for the unified communications market. In fact, Microsoft will finally launch its unified products next week. But Cisco won't be standing still.
By: The VAR Guy
Cisco VoIP Meets Asterisk Open Source
2007-09-13 20:41:00 The VAR Guy has spent considerable time wondering if -- or when -- Cisco was going to meld its VoIP platforms with Asterisk, the open source IP telephony platform. Turns out small integrators and consulting firms are already doing that heavy lifting. One prime example: NeoPhonetics has launched an Asterisk-based unified messaging platform that works with PBX and IP platforms from Avaya, Cisco, NEC and Nortel.
By: The VAR Guy
WiFi 802.11N: Good Enough for Cisco, Good Enough for All?
2007-09-04 20:43:00 If it's good enough for Cisco Systems, it's got to be good enough for wireless enterprises. That could be the collective reaction of CIOs who are taking a hard look at the emerging -- though incomplete -- 802.11n WiFi standard.
By: The VAR Guy
Cisco, Microsoft Bury the Hatchet?
2007-08-15 23:38:00 Cisco CEO John Chambers and Microsoft CEO Steve Ballmer plan to participate in a chat session with Charlie Rose on August 20, The VAR Guy hears. Hmmm. So what's the upshot?
By: The VAR Guy
Nortel CEO Opens His Wallet
2007-08-10 06:33:00 The following is either an expensive publicity stunt or a true vote of confidence in Nortel Networks' rebound. Company CEO Mike Zafirovski purchased about $1 million worth of Nortel stock on the open market earlier this week, according to Reuters. So why is he so bullish on the company? Read on.
By: The VAR Guy
Nortel Networks Corp. (NT) Stock Falls on Earnings
2007-08-03 07:13:00 Nortel Networks Corp., a provider of telecommunication network equipment and services, said Thursday it swung to a loss in the second quarter on charges and after booking a major legal gain last...
By: Jim Cramer Blog
Daily News: SEC Investigating Nortel Networks, and Small Biz Committee Want
2007-06-12 20:03:00 We on Audit Trail LOVE to talk about the costs of non-compliance ? almost as much as we love a good audit. Judging from today?s news, we may soon (heck, already) have some converts to the cause from Nortel Networks. The SEC?s been investigating Nortel for a good long while now, for alleged earnings inflations ...
By: Audit Trail
Nortel: The Oracle of Networking?
2007-05-29 22:10:00 In order to compete more effectively against SAP in the applications space, Oracle CEO Larry Ellison spent most of this decade buying up software companies. Hmmm. What if Nortel Networks uses the same approach to compete head-on against Cisco Systems? A first step could involve Nortel acquiring Avaya. But The VAR Guy thinks Nortel shouldn't stop there.
By: The VAR Guy
Avaya Up for Sale?
2007-05-28 03:42:00 Takeover rumors can spread unchecked during three-day weekends in the US. One prime example: The VAR Guy and other networking pundits are wondering if Avaya is up for sale. Here's why.
By: The VAR Guy
Five Steps to Networking Success
2007-05-24 22:31:00 You can tell a lot from a person's body language. During a meeting with The VAR Guy yesterday, Nortel executives looked confident and delivered concise information about the company's five-part networking strategy. What a difference a year makes. First, let's look at Nortel's recent moves. Then let's compare those moves to the Nortel of 2005 or early 2006.
By: The VAR Guy
Sunday Brunch: Microsoft Meets Open Source Again
2007-04-30 02:52:00 The VAR Guy didn't serve brunch today. Instead, he was busy landscaping his sprawling Long Island Gold Coast estate--all 0.18 acres of it. He finally checked his email in this evening. It was filled with buzz about Microsoft and open source CRM. Hmmm. What is Steve Ballmer up to now?
By: The VAR Guy
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