Word: nortel
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Most companies are using a combination of layoffs and cutbacks. For example, at telecom-equipment maker Nortel, where 4,000 job cuts were announced (4% of its workforce), employees are keeping travel costs down by attending corporate meetings via webcasts. And telecommuting is in: 20,000 employees now roll out of bed into the office, compared with...
...thinks that Cisco can do it and I don't think they can," Bradner says of Garcia. "I question that Cisco and Nortel and the rest of them can produce the next generation routing protocols. I think there needs to be government assistance....I would love to be proved wrong...
...motion by a disappointing earnings report from Canadian communications firm Nortel, released after the bell Tuesday, the index went vertical at the bell Wednesday and staggered downward until closing time. And the day's big losers - Nortel, JDS Uniphase, Sycamore Networks and Ciena, which all dropped 20 percent or more - had one thing in common. Two words, Ben: Fiber optics...
...Corning, among others, to acquire those pieces of the tech puzzle they can't assemble in-house, using their richly valued stock as currency. Two weeks ago, industry leader JDS Uniphase bought fellow component maker SDL for $41 billion in stock. And last week Corning began talks to acquire Nortel's optical-components business for a staggering $100 billion. Negotiations broke off late in the week, in part because Nortel's optical assets were rising in value so rapidly...
...funds dedicated to Canadian stocks have surpassed most other international funds. Unlike the volatility experienced by Asia, Canada has maintained double-digit gains for the past five years, with an average rate of return of 13.17%. The cheap Canadian dollar has helped its exporting companies, such as telecom supplier Nortel, as well as domestic industries, such as tourism...