Nortel Networks news from FierceWireless
News
Nortel sees slower CDMA sales
Alcatel-Lucent isn't the only vendor feeling the squeeze from a decrease in CDMA sales in North America. Nortel Networks today reported second quarter revenues of $2.6 billion, up slightly from $2.56 Read more...
Three former Nortel execs charged with fraud
Three former executives from Nortel Networks were criminally charged in Canada with misstating the company's financial results in 2002 and 2003, according to the Royal Canadian Mounted Police. Frank Read more...
Nortel teams with Alvarion on WiMAX; focus moves to LTE
When it comes to 4G, Nortel Networks is putting its R&D efforts behind LTE and teaming with Alvarion to come up with an end-to-end mobile WiMAX solution. The shift is notable because in the past Read more...
Nortel's carrier revenue climbed 21 percent
Nortel Networks said its first quarter revenue rose 11 percent to $2.76 billion, largely due to deferred revenue from an LG Electronics joint venture that had been projected to wrap up in the second Read more...
Motorola hires Liska as new CFO
Motorola hired Paul Liska as its new chief financial officer. Liska takes over for Tom Meredith who served as the interim CFO during the past few months. Meredith will remain on the company's board, Read more...
Nortel swings to a loss
Nortel Networks posted a $37 million loss in its Q2 because of lower revenue and various charges. That's down from $342 million in net income this time last year. Some of the fees that affected the Read more...
RELEASE: Nortel CFO to resign
TORONTO, ONTARIO -- February 06, 2007 -- Nortel(1) (TSX: NT)(NYSE: NT) today announced that Peter Currie will step down as Executive Vice-President and Chief Financial Officer of Nortel and Nortel
Read more...Will Nortel's cost cutting work?
Nortel networks is in a pickle, as it reported its seventh loss in the last nine quarters. It's embarking on a massive cost-cutting strategy with the goal to cut costs by $1.5 billion over the Read more...
ALSO NOTED: Sprint Nextel rolls out more EV-DO markets; Nortel narrows loss for 3Q; and much more...
> Sprint Nextel rolled out its EV-DO network in three more markets. Article > Nortel Networks narrowed its overall loss for the third quarter. Read more...
Nortel wins Rev. A deal with Verizon Wireless
Verizon Wireless announced a deal with another usual suspect, Nortel Networks, for the supply of CDMA 1xEV-DO equipment. The announcement follows a similar deal with Lucent Technologies announced Read more...