Word: nortel
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...ambitious project, but the charismatic Negroponte has a persuasive pitch and a knack for fund raising. With the support of the U.N., his so-called $100 laptop quickly found backing from, among others, Google, Red Hat, Advanced Micro Devices and Nortel. His team is still making prototypes, but a finished motherboard was delivered in April. A wind-up crank has been replaced by a new foot pedal to supply power in areas lacking electricity...
...kids leapfrog into the 21st century. It's an ambitious project, but the charismatic Negroponte has a persuasive pitch and a knack for fund raising. With the support of the U.N., his so-called $100 laptop quickly found backing from, among others, Google, Red Hat, Advanced Micro Devices and Nortel. His team is still making prototypes, but a finished motherboard was delivered in April. A wind-up crank has been replaced by a new foot pedal to supply power in areas lacking electricity. "The actual decision to make millions of laptops will happen sometime in December or January," he says...
...London last week, scores of telecoms companies turned their attention to the sizable Iraqi market as Baghdad's National Communications and Media Commission (NCMC) opened consultations on the award, later this year, of as many as five mobile-network licenses. Potential bidders include Bechtel, Lucent Technologies, MCI, Nokia, Nortel and Persia Telecom. In a country where just 3% of the 26 million population has a landline, mobile links are vital. Market penetration is about 10% and rising. Three licenses awarded in 2003 - by the now-defunct Coalition Provisional Authority - expire on Dec. 22. Transparency is the watchword, says Siyamend Othman...
...INDICATORS Wrong Numbers Canadian telecom equipment maker Nortel Networks finally restated its 2001-03 results - revealing a 41% cut in profits for 2003. Twelve executives, not implicated in the inappropriate accounting, volunteered to repay $8.6 million in bonuses...
...Worse Nortel Networks, the Canadian telecom equipment maker, announced plans to shed around 3,500 jobs - 10% of its workforce - by year's end. The firm earlier said police had begun a criminal investigation into its accounting practices...